Roshan Saldanha case: ED probe uncovers multi-crore fraud

Mangalore Today News Network

Mangaluru, Aug 8, 2025: The Enforcement Directorate (ED) has launched a probe into properties linked to Mangaluru-based Roshan Saldanha and his wife, Dafney Neethu D’Souza, in connection with a multi-crore fraud case.

ED teams conducted searches at five locations in the city following a police case alleging the couple collected funds from businessmen under the guise of arranging low-interest loans, including amounts for stamp duty, but failed to deliver the promised loans.

Investigations revealed the accused amassed around ₹39 crore through fake companies, diverting the money for personal use, business ventures, and transferring large sums via fictitious firms. Diaries and related documents were seized.

The operation led to the freezing of ₹3.75 crore in bank accounts and the seizure of five fishing boats, worth ₹5.75 crore, purchased in Dafney’s name using fraudulent funds.

In total, assets worth about ₹9.5 crore have been frozen or seized. The ED said further investigation is in progress.