Thane: Two Accused of Defrauding Investors of Rs 1.78 Crore in Fake Share Scheme

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Two Booked for Duping Investors of Rs 1.78 Crore in Bogus Share Scheme in Thane

Representational image (Image: News18)

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News18•27-02-2026, 09:15

Two Booked for Duping Investors of Rs 1.78 Crore in Bogus Share Scheme in Thane

•Two men, Sagar Subodh Karivadekar and Sachin Balkrishna Rane, booked in Thane for allegedly duping 12 investors.
•Accused lured victims with a bogus share market scheme promising high returns.
•Total fraud amounted to Rs 1.78 crore over five years, with one complainant losing Rs 26 lakh.
•Case registered under Bharatiya Nyaya Sanhita and MPID Act.
•No arrests have been made so far in connection with the fraud.

Read Full Article on News18 in English

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