Crime Patrol actor Satish Sakharam Naikodi has alleged that he was cheated of ₹22 lakh in a purported Slum Rehabilitation Authority (SRA) flat transaction involving allegedly forged documents. According to his complaint, he paid part of the agreed purchase price after being promised a discounted flat but never received possession. He later claimed SRA officials informed him that the documents were fabricated. The FIR remains under investigation, and no recovery of the alleged loss has been reported.
Crime Patrol Actor Satish Sakharam Naikodi Fraud Case: ₹22 Lakh Allegedly Lost in Fake SRA Flat Deal, Investigation Continues
Actor Satish Sakharam Naikodi, recognised for his appearances in Crime Patrol, has alleged that he was cheated of ₹22 lakh through a fake Slum Rehabilitation Authority (SRA) property transaction. More than 15 months after an FIR was registered, the investigation remains ongoing, with no reported recovery of the money.
Mumbai’s Crime Patrol actor Satish Sakharam Naikodi fraud case has highlighted the risks associated with alleged real estate scams involving forged property documents. According to the complaint filed with Bandra Police Station, Naikodi claims he lost ₹22 lakh after being promised a discounted flat in an SRA redevelopment project but never received possession of the property.
The 47-year-old actor, a resident of Dombivli (West), alleged that he was introduced to the proposed transaction in October 2017 near Lucky Hotel, Bandra (West). According to the FIR, estate agent Sachchidanand Bamane approached him and later introduced him to Akash Soni and Angelo Perera, who were allegedly operating under the name Aastha Properties.
Naikodi alleged that the trio offered him Flat No. 1201, measuring 305 sq. ft., on the 12th floor of Amritmanthan Society, an SRA redevelopment building located in Vakola, Santacruz (East). They reportedly claimed the flat belonged to a person identified as Mohammad and represented that they had authority to sell it.
The purchase price was allegedly fixed at ₹38 lakh, with the accused claiming the property could be acquired below prevailing market rates. According to the complaint, the proposal convinced Naikodi to arrange finances despite significant financial constraints.
Alleged Fake SRA Documents and Property Transaction
To fund the purchase, Naikodi mortgaged his residential property in Dombivli with DHFL, now HSBC Finance, and secured a housing loan of ₹34.90 lakh. Between December 2017 and April 2018, he allegedly paid ₹22 lakh through a combination of cash payments and cheques, with several transactions reportedly taking place near Lucky Hotel.
According to the FIR, possession of the flat was never handed over despite repeated assurances. When Naikodi sought ownership documents, the accused allegedly prepared a Memorandum of Understanding (MoU) dated 10 January 2018, on which the signature of Naikodi’s wife was obtained.
The complaint further states that the accused later provided an SRA Annexure-II purportedly issued in Naikodi’s name. However, Naikodi alleged that upon verification with the Slum Rehabilitation Authority (SRA), officials informed him that the document was fabricated and contained forged signatures and counterfeit seals of the SRA Secretary and the Co-operative Registrar.
Following this discovery, Naikodi alleged that Sachchidanand Bamane, Akash Soni, and Angelo Perera stopped responding to his calls and avoided further communication, leaving him without either the flat or a refund.
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Bandra Police Investigation and FIR Details
After several years of pursuing the matter, Naikodi lodged a formal complaint at Bandra Police Station on 22 April 2025. Based on his complaint, police registered FIR No. 0596 against Sachchidanand Bamane, Akash Soni, and Angelo Perera.
The FIR invokes Sections 420 (Cheating), 465, 467, 468, 471 (Forgery and Use of Forged Documents), 406 (Criminal Breach of Trust), and 34 (Common Intention) of the Indian Penal Code. The investigation is being conducted by Assistant Police Inspector (API) Krishna Khot.
According to the complaint, banking records, payment details, and documentary evidence were provided to investigators. However, as of August 2026, more than 15 months after the FIR was registered, Naikodi alleges that the ₹22 lakh has not been recovered and that he continues to repay monthly EMIs on the housing loan obtained by mortgaging his home.
Broader Concerns Over Real Estate Fraud Cases
The case has drawn attention to the importance of verifying ownership records, SRA approvals and redevelopment documentation before entering property transactions. Legal experts frequently advise purchasers to independently verify property records with the relevant authorities and conduct due diligence before making substantial payments.
The accused are facing allegations recorded in the FIR, and the matter remains under police investigation. Their guilt or liability will ultimately be determined through the due legal process. Sprouts News understands that the investigation is continuing, while the complainant awaits further progress in the case. The outcome may also influence public confidence in the investigation of alleged property frauds involving forged government documents and redevelopment projects in Mumbai.
