The Enforcement Directorate has attached an immovable property worth ₹150 crore near Buckingham Palace in London in connection with an alleged ₹1,400-crore bank loan fraud. The loan fraud, linked to money laundering, involves textile major S Kumars Nationwide Ltd (SKNL) and its former chairman and managing director Nitin Kasliwal, the agency said on Wednesday. ADVERTISEMENTThe property valued at ₹150 crore near Buckingham Palace is held under the “beneficial ownership” of Nitin Shambhukumar Kasliwal and his family members, the agency said. “The attachment of the London property is among the most high-profile overseas asset seizures in the case so far,” he said. Sources said SKNL was one of the top 50 bank defaulters in the country.

Source: The Telegraph January 01, 2026 06:35 UTC