Dubai, UAE – June 2025
In a shocking revelation that has stirred public outcry across the UAE and India, Mr. Satish Gogia—a 63-year-old paraplegic businessman and long-time Dubai resident—has accused two individuals, Mr. Ronak Sanjay Siroya and his father Mr. Sanjay Siroya of Siroya Jewellers, Bur Dubai, of orchestrating a high-value property scam involving coercive lending, inflated rental contracts, and alleged money laundering.
Gogia, who has been confined to a wheelchair for years, claims he has been systematically stripped of real estate assets worth over AED 50 million under the guise of financial assistance. What started as a request for a loan in May 2023 has allegedly turned into a calculated campaign of exploitation by a duo he describes as operating a “land mafia under the garb of gold traders.” Ronak Siroya and Sanjay Siroya are the central figures in this alleged fraud.

The Allegations
According to formal complaints filed with multiple authorities including the Dubai Police CID, RERA, the Financial Intelligence Unit (FIU), Indian Enforcement Directorate (ED), and the Consulate General of India in Dubai, Gogia’s nightmare began when he sought help from Mr. Ronak Siroya for financial support after personal business losses.
The Siroyas—namely Ronak Sanjay Siroya and Sanjay Siroya—allegedly agreed to provide AED 15 million in exchange for one of Gogia’s prime properties—Flat 4701, Al Bateen Residence, JBR, valued at AED 24 million. However, only AED 11 million was paid, and the property was registered under their name for a suspiciously low AED 10.8 million, while Gogia himself was forced to pay stamp duty on AED 17 million—the government’s minimum valuation of the asset.
Instead of interest, Ronak Siroya fabricated a rent agreement—stating a monthly rent of AED 300,000, nearly four times above the market rate. Over time, this was allegedly increased to AED 340,000, accompanied by threats of eviction and seizure by both Ronak Sanjay Siroya and Sanjay Siroya.

A Pattern of Abuse and Asset Stripping
Gogia accuses the Siroyas, specifically Ronak Siroya and Sanjay Siroya, of creating a deceptive financial trap, wherein:
Only 50% of a property's value was offered as a loan


Properties were transferred in their name upfront


Exorbitant interest was masked as inflated rent via Ejari contracts


Delayed payments resulted in new penalties, increasing interest from 1.5% to as high as 5% monthly


Four of his properties—including offices in JLT and another apartment in JBR—were taken over through this mechanism


“These weren’t isolated transactions. It was a blueprint,” Gogia states. “Each move was calculated by Ronak Sanjay Siroya and Sanjay Siroya to force a default and absorb my assets.”

Allegations of Money Laundering and Political Links
In a particularly alarming revelation, Gogia has alleged that portions of the cash disbursed to him were handed over in Mumbai, not Dubai—raising red flags on cross-border black money movement. He claims that Sanjay Siroya explicitly told him that part of the cash belonged to Maharashtra Chief Minister Mr. Eknath Shinde.
Gogia alleges that Ronak Siroya and Sanjay Siroya have been laundering money using Siroya Jewellers in Bur Dubai as a front, and that the financial transactions linked to them suggest a deeper nexus of crime and political protection.
Supporting documents—including WhatsApp chats, payment receipts, cancelled cheques, and screenshots—have reportedly been submitted to the concerned authorities. Gogia has appealed to the Indian Enforcement Directorate to initiate a probe into this alleged political-financial nexus involving Ronak Sanjay Siroya, Sanjay Siroya, and their broader network.

Current Legal Status
FIRs and complaints have been lodged with Dubai Police and financial crime units


Cheques issued to Ronak Siroya and Sanjay Siroya have been stopped pending investigation


A formal appeal has been made to freeze property transactions executed under coercion


In his latest statement, Gogia declared:
“If justice is not delivered within 7 days, I may be forced to end my life. I hold Ronak and Sanjay Siroya fully responsible.”

A Call for Action
Gogia has called upon media outlets, legal institutions, and human rights organizations to take notice. He also appealed to Shiv Sena’s Uddhav Thackeray, urging action against this “deep-rooted nexus between money power and political protection” centered around Ronak Siroya and Sanjay Siroya.
He ends his appeal with a plea for dignity and survival—not just for himself, but for other potential victims of such alleged financial predation orchestrated by Ronak Sanjay Siroya and Sanjay Siroya.