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.”
The Siroyas 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, a rent agreement was fabricated—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.
Gogia accuses the Siroyas of creating a deceptive financial trap, wherein:
“These weren’t isolated transactions. It was a blueprint,” Gogia states. “Each move was calculated to force a default and absorb my assets.”
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.
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.
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.”
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.”
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.
Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.
