ED Attaches Rs 150 Crore London Property in Bank Fraud and Money Laundering Case
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ED Attaches Rs 150 Crore London Property in Bank Fraud and Money Laundering Case

The Enforcement Directorate (ED) has attached a property valued at approximately Rs 150 crore near Buckingham Palace in London. This action is part of an alleged bank loan fraud and money laundering case involving Nitin Kasliwal, former CMD of S Kumars Nationwide Ltd. The ED claims Kasliwal defrauded banks of Rs 1,400 crore and diverted funds abroad to acquire concealed assets through a complex network of offshore trusts and companies. The property is reportedly held under the beneficial ownership of Kasliwal and his family.

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