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Nirav Modi Loses Legal Battle, London Luxury Property Approved for Sale
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News18•30-09-2026, 18:30
Nirav Modi Loses Legal Battle, London Luxury Property Approved for Sale
- •A UK court has approved the sale of a luxury London apartment linked to Nirav Modi, who is fighting extradition to India on fraud and money laundering charges.
- •Master James Brightwell of the Chancery Division of the High Court gave "court's blessing" for the sale of 103 Marathon House for a minimum price of 3.75 million pounds.
- •Modi, accused in the USD 2 billion Punjab National Bank (PNB) fraud, opposed the sale, claiming he was the "true settler" and beneficiary of the trust.
- •The Enforcement Directorate successfully argued for the proceeds from the sale to be placed in a secure account after all trust liabilities are cleared.
- •Modi, currently lodged at HMP Wandsworth, may have submitted a second claim for political asylum as a last-ditch attempt against extradition to India.
Key Questions Answered
Master James Brightwell of the High Court's Chancery Division approved the sale of 103 Marathon House in central London for a minimum price of 3.75 million pounds.
Nirav Modi has been imprisoned since his arrest in March 2019 while fighting extradition to India over fraud and money laundering charges.
Nirav Modi is accused of masterminding a USD 2 billion Punjab National Bank (PNB) fraud and money laundering scheme.
