Latest news with #RoshanSaldanha
Time of India
10 hours ago
- Business
- Time of India
Conman case: Police to seek custody; CID takes over Rs 10 cr fraud probe
Mangaluru: The CEN crime police investigating the high-profile case involving entrepreneur Roshan Saldanha are expected to secure his police custody on Wednesday. City police commissioner Sudheer Kumar Reddy CH confirmed that the investigating officer applied for police custody, which will be granted on July 23. In a significant development, one of the cases against Saldanha, where the alleged fraud amount exceeds Rs 10 crore has been handed over to the CID. Commissioner Reddy said that while several cases were registered earlier, one involved an alleged scam of more than Rs 10 crore and was accordingly recommended for CID investigation, with formal orders issued on Monday. He added that the victims are from Bihar, and that the CID may take up other related cases if deemed necessary, although the amounts involved in those are below Rs 10 crore. Meanwhile, another individual has come forward with a fresh complaint against Saldanha. So far, in the past seven-eight years, about 15 cases were registered against him, and they are at various stages of investigation. Preliminary findings revealed more bank accounts and transactions involving upto Rs 50 crore, which are currently under scrutiny. Saldanha, 43, a resident of Bollagudda in Bajal, Mangaluru, was arrested on Thursday on charges of multiple multi-crore fraud cases. The allegations against him include offering fake loan deals worth hundreds of crores, charging 1–2% of the amount as stamp duty and commission, and cheating victims. During a raid at his residence, police seized incriminating documents, cheques, a diamond ring valued at Rs 2.75 crore, and luxury items including jewellery and liquor worth over Rs 6.7 lakh. All items were seized following due legal procedures.
Hans India
20 hours ago
- Hans India
Conman in judicial custody
Mangaluru: RoshanSaldanha, a Mangaluru-based man accused of defrauding businessmen across several states of several crore rupees, has been remanded to judicial custody. The accused, who was arrested earlier this week, is facing multiple FIRs related to financial frauds, police said. Police produced Saldanha before a court on Saturday night, which ordered a judicial custody for him. Mangaluru South (CEN) police, who are already investigating two earlier cases involving Rs 11 crore and Rs 2 crore, have now received fresh complaints. A Maharashtra-based businessman alleged that Rs 5 crore was transferred to Saldanha's account on July 16. Similarly, a businessman from Assam claimed a loss of Rs 20 lakh on July 17. Police have since directed banks to freeze the accused's accounts. Chitradurga police may also seek his custody in connection with a separate case involving a Rs 40 crore fraud filed by an Andhra Pradesh businessman. Mangaluru Police Commissioner Sudheer Kumar Reddy said the accused will likely be taken into police custody again for further interrogation. Authorities have urged other victims to file complaints either locally or with the South CEN police station. Meanwhile, a Malaysian woman found at Saldanha's residence at the time of arrest is being processed for repatriation. Police said she has no role in the fraud. Her documents are being verified in coordination with the Ministry of External Affairs.
News18
2 days ago
- Business
- News18
Conman in judicial custody, multi-state fraud probe deepens
Agency: PTI Last Updated: Mangaluru, July 20 (PTI) Roshan Saldanha, a Mangaluru-based man accused of defrauding businessmen across several states of several crore rupees, has been remanded to judicial custody. The accused, who was arrested earlier this week, is facing multiple FIRs related to financial frauds, police said. Police produced Saldanha before a court on Saturday night, which ordered a judicial custody for him. Mangaluru South (CEN) police, who are already investigating two earlier cases involving Rs 11 crore and Rs 2 crore, have now received fresh complaints. A Maharashtra-based businessman alleged that Rs 5 crore was transferred to Saldanha's account on July 16. Similarly, a businessman from Assam claimed a loss of Rs 20 lakh on July 17. Police have since directed banks to freeze the accused's accounts. Chitradurga police may also seek his custody in connection with a separate case involving a Rs 40 crore fraud filed by an Andhra Pradesh businessman. Meanwhile, a Malaysian woman found at Saldanha's residence at the time of arrest is being processed for repatriation. Police said she has no role in the fraud. Her documents are being verified in coordination with the Ministry of External Affairs. PTI COR GMS ADB view comments First Published: July 20, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
2 days ago
- Business
- Time of India
Police intensifies probe into conman case
1 2 3 4 Mangaluru: The CEN crime police, which is investigating the high-profile entrepreneur Roshan Saldanha case, has widened its probe to examine his financial transactions over the past few years. Saldanha,43, a resident of Bollagudda in Bajal, Mangaluru, was arrested on Friday in connection with multiple multi-crore cheating cases. Two FIRs were registered against him in Mangaluru city and one in Chitradurga. Saldanha is alleged to have cheated victims from across the country, including Delhi, Mumbai, Chitradurga, Bengaluru, Vijayapura, Tumakuru, Bagalkot, Kolkata, Sangli, Goa, and Lucknow. Investigations revealed that in the last three to four months alone, transactions worth over Rs 40 crore were made. According to police sources, Saldanha began with a modest background and was initially associated with a gang in Chitradurga. Over time, he formed his own team that operated on a commission basis. The main charges against the accused include promising loans in hundreds of crores of rupees and charging 1% to 2% stamp duty and commission and duping the victims later. "All bank accounts linked to the accused are being verified. Economic offences of this scale take time to conclude. Various aspects of the case are under investigation," city police commissioner Sudheer Kumar Reddy said. He added that the case was cracked following a tip-off and a formal complaint. During the raid, police found a foreign national woman inside the house, while Saldanha was found hiding in a secret chamber. The woman has been sent to a Sweekara Kendra, and her documents, including her passport, are being verified. Although Saldanha was not immediately visible, police grew suspicious after spotting a liquor glass on a teapoy in one of the rooms. This led to a thorough search of the premises. Lavish Lifestyle Saldanha was known for his extravagant lifestyle. Police estimate that he spent at least Rs 50 lakh on furnishing a single room. His residence was on the ground floor, while his office, which resembled a den, was located on the first floor with a separate entrance and featured lavish rooms, two bedrooms, and secret chamber. A large stock of liquor, including imported brands, was also recovered, police said. Fake visiting card Police also recovered a fake visiting card bearing the name of a prominent high court lawyer from Mangaluru. The card falsely identified the advocate as a legal adviser. Police sources revealed that Saldanha manipulated the contact number on the card.
The Hindu
2 days ago
- Business
- The Hindu
Three more businessmen accuse Roshan Saldanha of cheating
Two more businessmen from Maharashtra and one from Assam have accused Roshan Saldanha of cheating. On Thursday, the police arrested Saldanha, a resident of Bollagudda in Bajal, for allegedly cheating entrepreneurs and others of over ₹32 crore. The police said one Maharashtra-based entrepreneur was assured of a ₹250-crore loan and, Saldanha demanded ₹5 crore towards 'stamp duty' charge. Accordingly, the entrepreneur allegedly initiated transfer of ₹5 crore to Saldanha through his bank account on July 16. Similarly, another entrepreneur from Assam initiated a transfer of ₹20 lakh on July 17 for his loan amount of ₹3 crore. Soon after the two filed the complaint on Friday, the Cyber Economic and Narcotic Crime (CEN) police contacted the concerned banks. An amount of ₹3.5 crore pertaining to the Maharashtra entrepreneur and ₹20 lakh of Assam entrepreneur were freezed. Another compliant filed by a Maharashtra entrepreneur against Saldanha was registered at the CEN police statio on Saturday. The police, in a release, said they would file an application before jurisdictional court seeking custody of Saldanha for further questioning.
