Daijiworld Media Network - Thane

Thane, Apr 19: The Nationalist Congress Party (Sharadchandra Pawar faction) has alleged that Thane Police have failed to arrest the main accused in a multi-crore stock market fraud case, despite the registration of an FIR in which over 1,000 investors were allegedly duped of nearly Rs 185 crore.

District president Manoj Pradhan claimed that key accused Sachin Balkrishna Rane and Sagar Karivdekar remain absconding. Along with Preeti Rane, they are accused of luring investors through Marathi stock market training sessions by promising assured monthly returns of 4–5 per cent, and directing them to route funds through Karivdekar.

According to party leaders, around 1,246 investors had invested nearly Rs 185 crore by December 2025. Although agreements were reportedly executed, the funds were allegedly diverted to accounts belonging to the accused and their relatives.

Pradhan further alleged that more than Rs 32 crore was siphoned off to family members and close associates.

Responding to the allegations, Deputy Commissioner of Police Parag Manere said the main accused are currently absconding and efforts are underway to trace them. He added that Preeti Rane had recently delivered a baby and appropriate legal action would be taken in accordance with the law.

Police said the investigation is ongoing.