https://www.taxtmi.com/news?id=73281 Provisional attachment under the Prevention of Money Laundering Act was issued against a sea-facing immovable property in Murud, Maharashtra, in a bank loan fraud-linked money-laundering case involving S Kumars Nationwide Limited and former CMD Nitin Kasliwal. The Enforcement Directorate said the property was acquired from diverted funds and was derived from the proceeds of crime arising out of the alleged bank fraud. It also alleged the use of interconnected entities and group companies to divert and layer funds. en-us Wed, 10 Jun 2026 18:31:03 +0530 Wed, 10 Jun 2026 18:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73281 Provisional attachment under the Prevention of Money Laundering Act was issued against a sea-facing immovable property in Murud, Maharashtra, in a bank loan fraud-linked money-laundering case involving S Kumars Nationwide Limited and former CMD Nitin Kasliwal. The Enforcement Directorate said the property was acquired from diverted funds and was derived from the proceeds of crime arising out of the alleged bank fraud. It also alleged the use of interconnected entities and group companies to divert and layer funds. News - Wed, 10 Jun 2026 18:31:03 +0530 https://www.taxtmi.com/news?id=73281