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ED attaches high-value London property in bank fraud probe
The Enforcement Directorate attached a London property worth around ₹150 crore in a bank fraud case involving alleged diversion of funds abroad.
India’s Enforcement Directorate has provisionally attached a London property valued at about ₹150 crore under the Prevention of Money Laundering Act, linked to an ongoing bank fraud investigation. The asset, located near Buckingham Palace, is held in the name of a business executive and family members accused of defrauding Indian lenders of approximately ₹1,400 crore, according to investigative findings.