Overview
- ED's Indore sub-zonal office issued a Provisional Attachment Order on December 30, 2025, under the PMLA.
- The property near Buckingham Palace is held under the beneficial ownership of Nitin Shambhukumar Kasliwal and his family.
- Officials allege a Rs 1,400 crore loss to a consortium of Indian banks through S Kumars Nationwide Ltd.
- The agency says loan funds were routed abroad as purported investments to acquire assets hidden via entities in the BVI, Jersey and Switzerland.
- Following the attachment, the ED will approach UK authorities to secure possession as it continues to trace additional assets.