
The Enforcement Directorate (ED) has attached a London property valued at approximately Rs 150 crore near Buckingham Palace. The asset is linked to Nitin Kasliwal, former CMD of S Kumars Nationwide Ltd, who is accused of defrauding Indian banks of Rs 1,400 crore. The ED alleges Kasliwal diverted funds abroad through a complex network of offshore trusts and companies to acquire and conceal the property. Kasliwal has denied owning property in London. The ED is coordinating with international agencies to take possession of the asset.
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