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 the proceeds of a massive fraud on the Punjab National Bank (PNB) for which Nirav is facing extradition proceedings.
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.