Mangaluru : The Enforcement Directorate (ED) has provisionally attached assets worth Rs 2.85 crore belonging to Roshan Saldanha, who allegedly defrauded businesspersons and wealthy individuals across India by promising them huge loans.
According to officials from the Mangaluru sub-zone, the attached properties include Saldanha’s residence and multiple bank accounts. The action follows an extensive probe into a massive financial fraud case in which Saldanha reportedly cheated investors of more than ₹200 crore under the pretext of arranging high-value loans.
Earlier, the ED had seized assets valued at around Rs 9.5 crore in the same case. Investigators were astonished by the lavish properties owned by Saldanha, which reflected the scale of his alleged fraud.
Saldanha, along with his wife Daphnineethu and several associates, is accused of luring businessmen with promises of multi-crore loans, collecting advance fees ranging from ₹5 crore to ₹10 crore, and then disappearing without disbursing the funds.
Based on complaints from two entrepreneurs, Mangaluru police had arrested Saldanha on July 17. The ED later initiated a money-laundering investigation under the Prevention of Money Laundering Act (PMLA), tracing multiple transactions and assets linked to the accused.
The ED’s recent attachment is part of its ongoing efforts to recover proceeds of crime and dismantle the financial network of the fraud racket. Authorities believe the scam may have extended beyond Karnataka, with victims from other metro cities as well.
Officials confirmed that the probe is still underway, and further seizures or prosecutions are likely.
Also Read: Four killed as tanker collides with bike and car near Kalaburagi
