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Mangaluru man held over 200-cr loan fraud across states

Rohan Saldanha, a resident of the Jepinamogaru area in Karnataka’s Mangaluru and a suspected high-profile conman, was arrested after a midnight raid by Mangaluru city police, officials said on Friday

Published on: Jul 19, 2025 09:16 AM IST
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Rohan Saldanha, a resident of the Jepinamogaru area in Karnataka’s Mangaluru and a suspected high-profile conman, was arrested after a midnight raid by Mangaluru city police, officials said on Friday.

Mangaluru man held over  ₹200-cr loan fraud across states
Mangaluru man held over ₹200-cr loan fraud across states

According to police, 45-year-old Saldanha allegedly duped several businessmen across India of 200 crore by promising massive business loans and real estate deals.

“He would invite the victims to his bungalow under the pretext of business dialogues,” said CEN police inspector Revana Siddappa. “The accused collected huge commissions and made excuses later. He was arrested based on a complaint by an Andhra Pradesh-based saree businessman who was duped of 40 lakh. Acting on a tip-off, we raided his bungalow on Thursday night and arrested him. We are verifying his bank records and waiting for more victims to come forward,” he added.

One of his bank accounts showed transactions worth over 40 crore in just three months, the officer said, adding he collected advance payments ranging from 50 lakh to 4 crore as “stamp duty”, after which he reportedly cut all communication and disappeared.

 
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
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