Mangaluru (Karnataka): City police in Mangaluru have submitted an official request to the local court for the custody of the main suspect in a high-profile investment scam worth several crores, officials revealed on Tuesday.
Roshan Saldanha, hailing from Bajal in Mangaluru, is currently lodged in judicial custody. He stands accused of conning investors out of vast sums through deceptive financial schemes that promised inflated returns. Police stated that numerous FIRs have been filed by victims from across Dakshina Kannada and nearby areas, alleging they were misled by Saldanha’s false assurances and elaborate setups.
In one striking instance, as per Police Commissioner Sudhir Kumar Reddy, an individual investor was allegedly cheated of Rs 10 crore. Sources suggest the operation included falsified paperwork, front companies, and advanced methods of financial deceit.
The police have sought custody to intensively interrogate Saldanha, aiming to trace the money trail, identify possible collaborators, and unearth the full scale of the scam. Investigators suspect Saldanha created multiple layers of legitimacy to win over investors’ trust.
The scam has stirred public concern due to its massive financial impact and the emotional toll on affected families. Officials have also appealed to the public to step forward with any fresh complaints or relevant details.
The investigation is in progress, and authorities anticipate significant findings following custodial questioning.