Nirav loses legal battle to prevent sale of luxury London property
India, Oct. 1 -- A UK court has approved the sale of a luxury apartment linked to Nirav Modi, who is behind bars in London as he fights extradition to India over fraud and money laundering charges. The 55-year-old former luxury jeweller, accused of $2 billion Punjab National Bank (PNB) fraud and money laundering charges, has been behind bars since his arrest in London in 2019. Master James Brightwell, presiding over a hearing at the Chancery Division of the High Court on Tuesday, gave the "court's blessing" for the sale of 103 Marathon House in central London for a minimum price of 3.75 million pounds. The case involved Trident Trust Company (Singapore) Pte Limited as the claimant, with the Enforcement Directorate having previously succes...
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