TaxTMI 
TaxTMI 
Bank-fraud case: ED attaches sea-facing house worth Rs 60 Cr in Maharashtra's Murud
X X X X Extracts X X X X
X X X X Extracts X X X X
....ank-fraud case: ED attaches sea-facing house worth Rs 60 Cr in Maharashtra's Murud<BR>PMLA / Black Money<BR>Dated:- 10-6-2026<BR>PTI<BR>New Delhi, Jun 10 (PTI) A sea-facing house worth Rs 60 crore in Maharashtra's Murud town has been attached by the Enforcement Directorate (ED) in a bank loan fraud-linked money-laundering case against textile major S Kumars Nationwide Limited (SKNL) and its former....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... CMD, Nitin Kasliwal. The federal agency said in a statement on Wednesday that a provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach the house, which commands a market value of more than Rs 60 crore. The "diverted" funds from SKNL were utilised for the acquisition of the Arabian Sea-facing immovable property near Alibaug in Murud town of Maharashtr....
X X X X Extracts X X X X
X X X X Extracts X X X X
....a's Raigad district. The immovable asset was found to be derived directly from the "proceeds of crime" of the Rs 1,400-crore SKNL "bank fraud", the ED claimed. Kasliwal is accused of defrauding a consortium of Indian banks to the tune of Rs 1,400 crore, according to the agency. The ED, in December last year, attached an immovable asset worth Rs 119.55 crore located near London's Buckingha....
X X X X Extracts X X X X
X X X X Extracts X X X X
....m Palace as part of its investigation. The agency has alleged that Kasliwal, the former chairman and managing director of SKNL, utilised a network of interconnected entities and group companies controlled by him and his family members for diverting and layering funds during the period when the company availed substantial credit facilities from the consortium of banks. PTI NES RC ===========....
X X X X Extracts X X X X
X X X X Extracts X X X X
....==<BR> News - Press release - PIB....