The Enforcement Directorate (ED) logo.
Credit: PTI File Photo
Mangaluru: The Directorate of Enforcement, Mangalore Sub Zonal Office, has provisionally attached properties in the form of a residential house and a bank account amounting to Rs 2.85 crore , under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the case of Roshan Saldanha and others.
A release from the ED said that the ED initiated an investigation based on multiple FIRs registered against Roshan Saldanha, Dafney Neetu D’Souza, and others, by a law enforcement agency, for collecting money from various business persons under the guise of stamp duty for arranging loans at low interest rates and conning them by not arranging the promised loans.
The investigation under PMLA, 2002, in the form of search operations conducted under section 17 during August and subsequent enquiries, revealed that the accused persons during the period between October 2024 and July 2025, were involved in the mobilisation of funds amounting to Rs 49 crore (approx), in newly created dummy concerns, from various businessmen under the guise of stamp duty by promising to facilitate loans to them.
It was also unearthed that the funds mobilised were subsequently utilised by the accused persons for their personal purposes, their own business purposes, and part of the funds were also siphoned off using dummy entities.
In the instant case, the Proceeds of Crime (POC) to the tune of Rs 9.5 crore (approx), in the form of bank accounts, boats, and engines, were already seized/frozen by ED in August during the search operation. In continuance of the same, the property of the main accused Roshan Saldanha valued at Rs 2.14 crore, and the bank account of P M Enterprises, which is in possession of POC to the tune of Rs 70.8 Lakh, have been subjected to attachment. Further investigation is in progress.