News from India: the Enforcement Directorate (ED) has identified ROHAN CHOKSI, the son of the billionaire fraudster,.MEHUL CHOKSI, as a director in a number of shell companies allegedly used to transfer and launder the proceeds of crime, in transactions now linked to his notorious father. This was the first instance when Rohan was named in connection with his father's eight year old $2bn case, involving fraud at PUNJAB NATIONAL BANK; He has not as yet been publicly charged with money laundering, or any other felony.
Compliance officers please note the identities publicly disclosed that are allegedly linked to and money laundering activity are:
(1) Luster Industries Private Limited
(2) Asian Diamond and Jewelry FZE
(3) Merlin Luxury Group Private Limited
We shall be monitoring ED press releases for further information, should he be the subject of criminal proceedings. We are especially interested in whether ROHAN CHOKSI holds a Citizenship by Investment passport, known locally as CIP, from ANTIGUA AND BARBUDA, where his father was able to evade extradition for seven years, using his economic citizenship passport and local lawyers working the corrupt court system in Antigua.
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