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Tag: Nirav Modi

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Nirav Modi’s London Luxury Apartment Sale Approved By UK Court, Valued Over 55 Crore

London: A luxury apartment in London used by Nirav Modi and held in a trust can be sold for a value not less than GBP 5.25 million after a high court ruling in London on Wednesday. Master James Brightwell, the judge presiding over a hearing attended remotely by the 52-year-old fugitive diamond merchant from Thameside prison in south-east London, accepted representations from the Enforcement Directorate (ED) to hold the proceeds from the sale of 103 Marathon House in a secure account after all “pressing liabilities" of the trust have been cleared. The case involves Trident Trust Company (Singapore) Pte Limited as the claimant, seeking to sell its apartment asset in the Marylebone area of central London, and the ED arguing that the trust's assets represent...