ED attaches Rs 150-crore property near Buckingham Palace in bank fraud case

Key Highlights

• He is accused of defrauding a consortium of Indian banks to the tune of around 1,400 crore, the agency noted, adding that multiple FIRs have been registered against Kasliwal. advertisementAccording to the ED, the attachment follows extensive investigations into the claims against the accused.
• "During the course of the investigation, ED conducted searches on December 23 and seized various incriminating records along with digital devices.
• A detailed analysis of the said material revealed that Nitin Kasliwal had established a complex network of trusts and companies in multiple offshore tax havens, including the British Virgin Islands (BVI), Jersey, and Switzerland," the ED said.
• ED, Indore Sub-Zonal Office has issued Provisional Attachment Order on 30.12.2025, attaching a high-value property (valued at approximately Rs.
• 150 Crore) located in a prime area of London, United Kingdom, near Buckingham Palace under PMLA, 2002 beneficially owned by Nitin ED (@dir_ed) December 31, 2025The ED said that its probe uncovered that the accused had set up a trust named Catherine Trust, which was formerly known as Surya Trust.