More Investors Accuse Roshan Saldanha of Cheating; ₹3.7 Crore Frozen by Police

More Investors Accuse Roshan Saldanha of Cheating; ₹3.7 Crore Frozen by Police

Mangalore Today News Network

Mangaluru, July 20, 2025: Two more businessmen from Maharashtra and one from Assam have accused Roshan Saldanha, a resident of Bollagudda in Bajal, of cheating them of large sums under the pretext of arranging high-value loans.

Saldanha was arrested on Thursday for allegedly duping multiple entrepreneurs of over ₹32 crore. Following his arrest, two fresh complaints were filed on Friday with the Cyber Economic and Narcotic Crime (CEN) police station.

According to police sources, one of the Maharashtra-based entrepreneurs was promised a ₹250-crore loan and was asked to pay ₹5 crore as ’stamp duty’. He reportedly transferred ₹5 crore to Saldanha’s bank account on July 16. Another complainant from Assam, who was promised a loan of ₹3 crore, allegedly transferred ₹20 lakh to Saldanha on July 17.

Acting swiftly after the complaints were lodged, the CEN police contacted the respective banks and successfully froze ₹3.5 crore from the Maharashtra entrepreneur’s transfer and the full ₹20 lakh transferred by the Assam businessman.

A third complaint from another Maharashtra entrepreneur was registered at the CEN police station on Saturday.

The police, in an official release, stated that they will seek custody of Saldanha by filing an application before the jurisdictional court for further interrogation.