Unveiling Rohan Saldanha: The Mangaluru Conman Behind a ₹200 Crore Scam and His Lavish Lifestyle – What You Need to Know!

Mangaluru Police have arrested Rohan Saldanha, a 45-year-old accused of running a massive fraud scheme. He’s believed to have scammed over ₹200 crore from wealthy individuals. His lavish lifestyle raised suspicions, prompting a closer look at how he operated.

Saldanha presented himself as a successful businessman, targeting rich people from various regions. He lured potential victims to his luxurious bungalow in Jeppinamogaru. There, the expensive décor, fine liquor, and his charismatic charm created an illusion of trustworthiness.

Investigators became suspicious when they noticed a gap between his flashy lifestyle and his actual business background. What they discovered was alarming: Saldanha was manipulating victims with promises of high-value loans, typically between ₹50 crore and ₹100 crore. However, he demanded upfront fees, labeled as stamp duty, ranging from ₹5 crore to ₹10 crore. Many victims, dazzled by his lifestyle, paid these amounts without verifying his claims.

Just in the last three months, Saldanha allegedly orchestrated fraudulent deals totaling ₹45 crore. Over the years, estimates suggest his scams could exceed ₹200 crore, affecting numerous high-profile business figures.

His downfall began when one victim reported him to the police. During the arrest, authorities found a hidden chamber in his house, which he reportedly used to hide during emergencies. Officers had to force their way in to capture him.

Experts underline the importance of due diligence in financial dealings. A recent study shows that around 60% of people do not verify business credentials before engaging in significant transactions.

The police are now working to verify financial records, believing that more victims might come forward. They’re encouraging anyone who feels they have been defrauded to reach out to local authorities.

This case serves as a reminder of the risks in trusting appearances and highlights the need for vigilance in financial matters.



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