Who is Rohan Choksi?
Rohan Choksi, the son of diamond mogul Mehul Choksi who is on the run, has quite unexpectedly found himself in the media limelight recently, albeit not by his choice. He has been widely regarded as the “prince” in the multi-billion-dollar Punjab National Bank (PNB) fraud case, and now Rohan comes under the microscope of the authorities as he is allegedly involved in money laundering.
Meanwhile, court battles are ongoing, and Rohan is living a very private life away from the drama. He is married to Snagda Talera, and his whereabouts are still undisclosed, adding an element of mystery. Does he live quietly to avoid the media, or is he trying to break free from his father’s shadow? One thing is certain: Rohan Choksi’s life is full of extravagance, scandal, and intrigue, making him someone everyone wants to know about, but very few truly do.
ED Alleges ‘Active Role’ in Money Laundering, Legal Status Still Unclear On Rohan Choksi
Rohan Choksi, the son of fugitive diamond magnate Mehul Choksi, is under renewed scrutiny by India’s Enforcement Directorate (ED). For the first time, the agency has told an appellate tribunal that Rohan was “actively involved” in money laundering alongside his father.
The allegations centre on his role in companies allegedly used to divert funds overseas and property transfers that the ED claims were designed to conceal assets ahead of the exposure of the massive Punjab National Bank (PNB) fraud.
While the accusations are serious, Rohan Choksi has not yet been named in any FIRs or charge sheets, leaving his legal status in a grey area.
Rohan Choksi: Key Allegations and Legal Position
-
Company Stakes and Holdings
-
Holds a 99.99% stake in Luster Industries Private Limited, which the ED alleges was used to divert funds overseas.
-
Owns 99.44% stake in Rohan Mercantile Private Limited, where Mehul Choksi is listed as a director.
-
-
Property Dispute
-
Contesting the ED’s attachment of a ₹24 crore apartment in Walkeshwar Road, Mumbai.
-
ED claims the property was transferred by Mehul Choksi in 2013 as a calculated asset-protection move.
-
Rohan maintains the property was acquired by a family trust in 1994, well before the PNB fraud period.
-
-
US Business Operations
-
Probe documents from a US bankruptcy court suggest Rohan held a leadership role at Samuels Jewelers, accused of fraudulent practices linked to the PNB scam.
-
-
Legal Status
-
Despite ED’s assertions, Rohan Choksi is not named in any FIR or charge sheet filed by the ED or CBI.
-
Sources claim he has severed business ties with his father and is no longer in contact with him.
-
Mehul Choksi: The Fugitive Diamantaire at the Centre of India’s Biggest Banking Scam
Mehul Choksi is an Indian diamond dealer who became a fugitive after promoting the once-powerful Gitanjali Group in India’s gems and jewellery market. He is the prime accused in the 2018 Punjab National Bank (PNB) fraud, which triggered a major crisis in India’s banking sector. Choksi allegedly conspired with bank officials to fraudulently obtain Letters of Undertaking, leading to massive financial losses. He fled India before the scam was uncovered and later acquired citizenship in Antigua and Barbuda. Indian authorities continue to pursue his extradition.
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
