London court stops sale of Nirav Modi's apartment
The high court in London on Wednesday (2 July, 2025) declined to approve the sale of a 4,079 square feet duplex apartment near Baker Street station in Central London that was bought in 2017 by a trust company on behalf of tainted diamantaire Nirav Modi. The order came after Trident Trust which owns the apartment claimed that it needed to sell the apartment for £4.25 million to meet liabilities pertaining to the property and the Trust’s own bills and legal expenses. Additionally, it also sought approval to borrow £1.5 million against the property to meet those liabilities. In March 2024, the court had allowed the sale of the property on the condition that it not be sold for less than £5.25 million. It’s on account of this court-imposed price cap that Trident Trust were back in court seeking approval to sell the property for a million less citing sluggish market condition. The presiding judge said he was not in a “position to bless” Trident’s proposal. “I do not consider there is e...
