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. 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.Rohan Choksi: Key Allegations and Legal Position
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.