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Informative

ED Attaches ₹2.85 Crore Assets in Money Laundering Case Involving Roshan Saldanha.

Update / Judgement Date

06 Nov 2025

Source

WCP News Bulletin

Author

Sakshi Bhardwaj — WCP Legal Desk

Reading Time

2 min read

Financial ManagementOther Legal Matters
ED Attaches ₹2.85 Crore Assets in Money Laundering Case Involving Roshan Saldanha.
WCP News Bulletin

Headnote:

The Enforcement Directorate (ED) has provisionally attached assets worth approximately ₹2.85 crore, including a residential house and a bank account, in connection with a money laundering case involving Roshan Saldanha, Smt. Dafney Neetu D’Souza, and others. The accused allegedly defrauded businessmen by collecting money under the pretext of arranging low-interest loans, misappropriating the funds for personal and business use.


Background:

• Multiple FIRs were registered against Roshan Saldanha, Smt. Dafney Neetu D’Souza, and associates for collecting money from various businesspersons under the guise of stamp duty for facilitating loans at lower interest rates.

• The accused failed to arrange the promised loans and instead diverted the funds for personal and business purposes.

• The ED initiated investigations under PMLA, 2002, following these FIRs, conducting search operations under Section 17 in August 2025.

• Investigations revealed that between October 2024 and July 2025, the accused mobilized approximately ₹49 crore through newly created dummy concerns, purportedly as stamp duty payments.

• The funds were subsequently siphoned off through dummy entities and used for personal enrichment.


Findings and Action Taken:

• During the August 2025 searches, the ED had already seized/frozen proceeds of crime worth ₹9.5 crore, including bank balances, boats, and engines.

• Continuing its probe, the ED has now attached:

– A residential property belonging to Roshan Saldanha valued at ₹2.14 crore.

– A bank account of M/s. P M Enterprises holding ₹70.8 lakh, identified as part of the proceeds of crime.


Current Status:

Further investigation under the PMLA, 2002, is ongoing.


Legal Provisions Discussed:

• Section 5, Prevention of Money Laundering Act, 2002 – Attachment of property involved in money laundering.

• Section 17, Prevention of Money Laundering Act, 2002 – Search and seizure powers of the Enforcement Directorate.

Date: 07 November 2025

Agency: Directorate of Enforcement (ED), Mangalore Sub Zonal Office

Law Invoked: Prevention of Money Laundering Act, 2002 (PMLA)