States » NorthPosted at: Nov 7 2025 4:17PM


ED attaches Rs 2.85 cr in Mangalore loan scam involving Roshan Saldanha

New Delhi, Nov 7 (UNI) The Enforcement Directorate (ED), Mangalore Sub Zonal Office, on Friday said it has attached properties, including a residential house and a bank account, worth Rs. 2.85 crore in a money laundering case against Roshan Saldanha and others.
The ED initiated its PMLA investigation based on multiple FIRs registered against Roshan Saldanha, Dafney Neetu D’souza, and others. They were accused of collecting money from various businesspersons under the guise of stamp duty for arranging low-interest loans and then defrauding them by not providing the promised funds.
The investigation, which included search operations under Section 17 of the PMLA in August 2025 and subsequent enquiries, revealed that the accused, between October 2024 and July 2025, mobilized funds amounting to Rs 49 crore. They collected this money from various businessmen for newly created dummy concerns, promising to facilitate loans. It was also uncovered that the mobilized funds were subsequently used by the accused for personal expenses, their own businesses, and were partly siphoned off using dummy entities.
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