Mangaluru Police seek custody of prime accused in multi-crore fraud case
Mangaluru (PTI): The Mangaluru City Police have filed a formal petition before the jurisdictional court seeking custody of the prime accused in a multi-crore investment fraud case, officials said on Tuesday.
Roshan Saldanha, a resident of Bajal in Mangaluru, is currently in judicial custody, they said.
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.
According to Police Commissioner Sudhir Kumar Reddy, in one case, Rs 10 crore has been fleeced from an investor.
The case involves the use of forged documents, shell companies, and sophisticated methods of financial manipulation, sources said.
The police now seek custodial interrogation to uncover the full extent of the fraud, track the flow of funds, identify accomplices, and determine whether more victims are involved.
Investigators in the police department believe that Saldanha may have operated through multiple channels to project legitimacy, thereby gaining the confidence of unsuspecting investors. The case has garnered widespread public interest given the high value of the fraud and its ripple effect on individuals and families across the region.
Meanwhile, authorities have urged the public to come forward with any additional complaints or information related to the case.
The investigation is ongoing and further revelations are expected once custodial interrogation commences.
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Man from Thane held for using fake railway pass on local train
Thane (PTI): Police have arrested a 20-year-old man from Maharashtra's Thane city for allegedly travelling on a fake railway pass generated through the UTS mobile ticketing app, officials said on Sunday.
The man was travelling on a Dadar-Ambernath fast AC local train on Friday when the travelling ticket inspector asked him to show his ticket.
The accused showed a digital railway pass on his mobile phone's WhatsApp and it was later found to be fake, a Government Railway Police (GRP) official said.
He was offloaded at Thane station and brought to the GRP police station for further inquiry.
During questioning, the man claimed that a friend forwarded the fake pass to him on WhatsApp, the official said.
The man was later arrested and booked on charges of cheating and forgery, the police added.
