Man involved in multiple financial fraud cases nabbed in Mangaluru
Mangaluru (Karnataka), Jul 18 (PTI): A man involved in multiple financial fraud cases involving hundreds of crores was arrested here, police said on Friday.
Roshan Saldana had allegedly been absconding for a considerable period, they added.
Acting on a tip-off, the Central Crime Branch team led by the ACP arrested him from his house, where he was found hiding, they said.
According to police, a preliminary investigation has revealed that Saldana allegedly lured high-net-worth individuals by pretending to offer loans worth hundreds of crores, collected 1-2 per cent of the promised loan from the victims in the name of stamp duty and commissions, and subsequently defrauded them.
Several incriminating items, including cheques, forged documents, jewellery, expensive liquor, and a diamond ring valued at Rs 2.75 crore were seized from him, a senior police officer said.
The total seizure value exceeds Rs 6.5 lakh, police said, adding that an excise case has also been registered for possession of liquor in excess of legal limits.
His financial records show over Rs 40 crore in transactions in the last four months, he said.
Two FIRs have been registered against him in Mangaluru and one in Chitradurga, police said.
The accused is suspected of duping victims in cities including Delhi, Mumbai, and other parts of the country, police said, adding that a detailed investigation is underway.
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
