Mangaluru: High Court grants interim relief to fraudster Roshan Saldanha, stays probe in Rs 10 cr fraud case

Mangaluru: High Court grants interim relief to fraudster Roshan Saldanha, stays probe in Rs 10 cr fraud case

Mangalore Today News Network

Mangaluru, July 28, 2025: In a significant development, the Karnataka High Court has granted interim relief to alleged multi-crore fraudster Roshan Saldanha, accused of defrauding over ₹200 crore. The court has issued an interim stay on police investigations in a case involving a Rs 10 crore fraud against a Bihar-based businessman and another case involving Rs 1.5 crore fraud against a Mangaluru resident.

Recently, Roshan Saldanha from Jeppinamogaru, Mangaluru, was arrested by the CEN police for allegedly orchestrating large-scale fraud under the pretext of providing loans. Following his arrest, which made national headlines, several businessmen came forward with complaints. The Bihar businessman claimed he was cheated of Rs 10 crore, while individuals from Assam and Maharashtra alleged losses of Rs 5 crore each. Earlier, a complaint from a Mangaluru resident accused Saldanha of defrauding him of Rs 1.5 crore.

Based on two cases filed in Mangaluru, police arrested Saldanha from his residence, which was found to be lavishly furnished, including a private bar and restaurant stocked with imported liquor. A Malaysian woman was also reportedly found staying with him. Although he had applied for bail at the Mangaluru CJM Court, successive complaints prevented its approval.

Now, with the High Court granting a stay in two cases, the police investigation has suffered a setback. Senior criminal lawyer Arun Bangera is representing Saldanha in Mangaluru.

Currently, Saldanha remains in police custody. With the stay order in place for two cases, his lawyers are expected to seek bail when he is produced in court on Monday. However, investigations continue in other pending cases, including those filed by businessmen from other states. Police are preparing to ensure that the accused does not secure bail easily.