Hatton Garden Safe Deposit goes into liquidation

Hatton Garden Safe Deposit having received a strong adverse blow with the Hatton Garden jewellery heist in April, is now going into liquidation, reports say. Owners of the Hatton Garden Safe Deposit - Sudan-based Mahendra Bavishi, and his son Manish appointed SPW as liquidators last month, reports add.

The reason cited for liquidation is that the company is now insolvent and owes money to people and companies. The period after the robbery saw trade weaken and the company chose to apply for voluntary liquidation. The step towards liquidation was intended to ‘preserve the company’s assets and safeguard the deposit boxes’, reports add.

The men charged for the crime are due to appear in Woolwich crown court on September 4, on the charges of conspiring in the robbery and also concealing/ transferring the jewellery, reports add.