The Enforcement Directorate has attached an immovable property worth Rs 150 crore near the Buckingham Palace in London in a case of alleged bank loan fraud linked to money laundering involving textile major S Kumars Nationwide Ltd and its ex CMD Nitin Kasliwal. The federal probe agency said in a statement on Wednesday that a provisional order was issued under the Prevention of Money Laundering Act (PMLA) on Tuesday to attach the asset. The "high-value" property valued at Rs 150 crore near the Buckingham Palace is held under the "beneficial ownership" of Nitin Shambhukumar Kasliwal and his family members, the Enforcement Directorate (ED) said. All about ETLegalWorld industry right on your smartphone! Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles.

Source: Economic Times December 31, 2025 12:38 UTC