Archive · 9 Aug 2025
ED Investigates Mangaluru Couple in Alleged ₹39 Crore Loan Fraud
A couple in Mangaluru, Roshan Saldanha and his wife, are being investigated for tricking businessmen out of money.
They promised to get them loans with low interest rates, but never actually did.
Instead, they allegedly used the money, about ₹39 crore, for themselves and their businesses.
The government's ED is looking into it.
They have frozen some money in the bank and taken control of assets, including fishing boats, worth a total of ₹9.5 crore.
Investigators are now examining documents and records to find out where all the money went.
The Enforcement Directorate (ED) is investigating Roshan Saldanha and his wife for an alleged loan fraud.
The couple is accused of collecting money from businessmen by promising low-interest loans but failing to deliver.
Approximately ₹39 crore was allegedly routed through fictitious companies for personal and business use.
The ED froze ₹3.75 crore in bank accounts and seized assets worth ₹9.5 crore.
Five fishing boats, worth ₹5.75 crore, purchased with allegedly fraudulent funds, were seized.
- Who
- Roshan Saldanha and his wife Dafney Neethu D’Souza are being investigated by the ED.
- What
- Investigation into an alleged loan fraud involving Roshan Saldanha and his wife.
- When
- Ongoing investigation, following a police case.
- Where
- Mangaluru, India.
- Why
- To investigate alleged fraudulent activities involving fake loan arrangements and the misuse of funds.
- Accused
- Roshan Saldanha & Dafney Neethu D’Souza
- Alleged Fraud Amount
- ₹39 crore
- Assets Frozen/Seized
- ₹9.5 crore
- Bank Accounts Frozen
- ₹3.75 crore
- Fishing Boats Seized
- 5, worth ₹5.75 crore