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ED files charge sheet against individuals and companies for loan fraud in Mangaluru

Indian Community Editorial TeamBy Indian Community Editorial TeamFebruary 28, 20262 Mins ReadNo Comments Add us to Google Preferred Sources
ED files charge sheet against individuals and companies for loan fraud in Mangaluru
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The Directorate of Enforcement (ED), Mangaluru Sub-Zonal Office, has lodged a prosecution complaint under the Prevention of Money Laundering Act (PMLA), 2002, at the Special Court for PMLA cases in Mangaluru. The complaint, filed on February 27, 2026, names Roshan Saldana, Dafney Neetu D’Souza, Sunil Ferrao, G. Ravi, Yahviivi Ventures Pvt Ltd, and Dubois Production Pvt Ltd. These entities are accused of deceiving businessmen by promising loan arrangements at low interest rates but failing to fulfill their commitments.

The ED’s investigation was triggered by multiple FIRs filed by law enforcement agencies in June and July 2025 against Roshan Saldana, Dafney Neetu D’Souza, and others. Allegedly, the accused gathered funds from businessmen by falsely claiming they were needed for stamp duty charges to process loans. Instead of using the money for loan arrangements, they diverted it for personal gain and business purposes. Some of the funds were also funneled through newly established dummy entities to hide the illicit proceeds.

In August 2025, ED officials conducted search operations in five locations in Mangaluru, Karnataka, under the PMLA. During the searches, incriminating documents were seized, and bank accounts and fishing boats valued at around Rs 9.5 crore were frozen. Furthermore, movable and immovable assets worth Rs 2.85 crore were temporarily attached under the PMLA on November 6, 2025. A complaint has been filed under Sections 3 and 4 of the PMLA, 2002, for money laundering offenses, with ongoing investigations into the matter.

Dafney Neetu D’Souza Directorate of Enforcement Dubois Production Pvt Ltd G. Ravi Karnataka Mangaluru Prevention of Money Laundering Act Roshan Saldana Sunil Ferrao Yahviivi Ventures Pvt Ltd
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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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