Mangaluru — In a major legal twist, the Karnataka High Court has granted interim relief to alleged loan scam mastermind Roshan Saldanha, accused of defrauding multiple victims of over ₹200 crore across several states.
The court has issued a temporary stay on investigations in two high-profile cases: a ₹10 crore fraud complaint filed by a businessman from Bihar, and another ₹1.5 crore case reported by a Mangaluru resident.
Saldanha, hailing from Jeppinamogaru, Mangaluru, was recently arrested by the CEN police for running a massive fake loan scheme. His arrest, which drew national attention, opened the floodgates to additional complaints. Victims from Assam and Maharashtra have each alleged losses of ₹5 crore.
During his arrest, police raided his luxurious home, which featured a private bar and high-end imported liquor. A Malaysian woman was also found residing at the property. Although Saldanha had previously sought bail from the Mangaluru CJM Court, mounting complaints delayed any approval.
Now, with the High Court stay in place, the police investigation has temporarily stalled in two cases. Senior criminal advocate Arun Bangera is representing him in court. Saldanha remains in police custody, and his legal team is expected to push for bail during his next court appearance on Monday.
However, with several other cases still active, police are reportedly tightening their strategy to prevent an early release.