Multi-crore fraud case handed over to CID in Karnataka

Prime accused Roshan Saldanha is charged with duping investors of several crores of rupees through fraudulent investment schemes that promised high returns

Mangaluru (Karnataka): The multi-crore fraud case involving a 43-year-old prime accused, Roshan Saldanha, has been transferred to the Criminal Investigation Department (CID) on Tuesday for further investigation, police said.

Saldanha, a resident of Bajal in Mangaluru, is currently in judicial custody, they said.

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He is accused of “duping” investors of several crores of rupees through fraudulent investment schemes that promised high returns, police said, adding that multiple complaints have been lodged against him by victims from various parts of Dakshina Kannada and beyond, alleging that they were misled by Saldanha’s schemes and guarantees.