Mangaluru: In a significant turn in the multi-crore fraud case involving Roshan Saldanha, the Karnataka High Court has issued an interim stay on police investigations in two major cases lodged against him.

The stay specifically halts proceedings in:

  • A Rs 10 crore cheating complaint filed by a businessman from Bihar, and

  • A Rs 1.5 crore fraud case initiated by a complainant based in Mangaluru.

    • The High Court’s directive temporarily freezes investigation in these two cases until further orders, offering limited relief to the accused.

    Saldanha, who is at the center of a nationwide financial scam estimated to run into hundreds of crores, was arrested on July 23 after CEN police raided his residence on July 17. He is currently in judicial custody following custodial interrogation.

    Since his arrest, several new allegations have emerged:

    • A Maharashtra businessman reported a Rs 5 crore fraud.

  • A complainant from Assam accused him of duping him of Rs 20 crore.

  • A Hyderabad-based individual also claimed losses of Rs 1 crore.

    • As the case widens, police had sought extended custody to further probe the financial trail and gather evidence. Meanwhile, Saldanha’s bail request has been rejected.

    While proceedings in two cases are paused, investigations continue in multiple other cases, which have not received any judicial stay. The scope and impact of the fraud are still unfolding.