India, March 28 -- The high court of London on Wednesday gave permission to sell a prime property belonging to jailed diamantaire Nirav Modi's family trust for £5.25 million (approximately Rs.55 crore). The order came after the court traversed through a complex tangle of trust rules used by high net-worth individuals to escape scrutiny and tax liabilities. Modi, who is lodged in Thameside prison, appeared before the court through video conferencing. According to people familiar with the matter, the property in question was purchased in December 2017 for £6.25 million (approximately Rs.60 crore) by Trident Trust Company (Singapore) whose ultimate beneficiaries were members of the Nirav Modi family. Two high-end real estate agents have been scouting for buyers and the proceeds, once realised, will go to Nirav Modi's creditors, an official aware of the matter said.P9...