Daijiworld Media Network – Mangaluru
Mangaluru, Mar 3: In connection with a multi-crore fraud case, the Enforcement Directorate (ED) has filed a final report (prosecution complaint) before the special court for PMLA (Prevention of Money Laundering Act) cases in Mangaluru against Roshan Saldanha, Daphne D’Souza and others.
The investigation was initiated based on FIRs registered by various law enforcement agencies in June and July 2025 against Roshan Saldanha, Daphne Neetu D’Souza and others for allegedly cheating several businessmen by promising loans at low interest rates and collecting money in the name of ‘stamp duty’.
Accordingly, on February 27, the ED submitted its report before the special PMLA court in Mangaluru against Roshan Saldanha, Daphne Neetu D’Souza, Sunil Ferrao, G Ravi, M/s Yahvivi Ventures Pvt Ltd and M/s Dubois Production Pvt Ltd.
The ED stated that between October 2024 and July 2025, the accused Roshan Saldanha and Daphne Neetu D’Souza collected approximately Rs 49.45 crore through new entities, including Sunil Ferrao (M/s Akshaya Agencies), G Ravi (M/s Balaji Enterprises), and M/s Yahvivi Ventures Pvt Ltd.
Instead of using the funds to facilitate loans as promised, the accused allegedly diverted the money for their personal use and their own business purposes. It has also come to light that a portion of the funds was transferred through shell entities, the ED stated.
It may be recalled, during searches conducted on August 5, 2025, at five locations in Mangaluru, crucial documents were seized. Bank accounts worth approximately Rs 9.5 crore were frozen. Fishing boats were also seized during the operation.
Under Section 5 of the PMLA, movable and immovable properties worth Rs 2.85 crore have been provisionally attached. A complaint has been filed under Section 3 of the PMLA Act, 2002, for the offence of money laundering and under Section 4 for the punishable offence. Further investigation is in progress, the ED stated.