03 Feb 2023
DiamondWorld Directory
Home |
Hatton Garden Safe Deposit goes into liquidation
Following the Hatton Garden jewellery heist, the company has gone insolvent
By: Diamond World News Service
Sep 2 2015 9:34AM
Reference: 11864  

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.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32434
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 10133
GJEPC Chairman Interview
Views: 28515
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 40021
Promo for IJ Awards 2012 at NDTV Profit
Views: 57657
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 69188
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22187
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 51372
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53751
DW News App
Member of:
Supporter of: