Mahendra and Manish Bavishi, called in liquidators last week after it became insolvent as a result of the damage caused to its reputation by the raid. Nine men charged over the raid will appear in court later this week for a plea hearing. They are alleged to have bored a hole through the 50cm thick concrete wall surrounding the underground deposit box room and breaking into 73 boxes. Sunney Sagoo, who works for the the liquidator Streets SPW, told The Telegraph: "In order to protect the clients' deposits and to preserve the assets the company went into liquidation on August 24.