The highly anticipated sale of Trincity Mall has been officially terminated following a series of legal and criminal complications. The government is set to approve a proposal from the consortium of buyers to refund their deposit and associated costs, marking the end of a contentious transaction. The deal, valued at $505 million, was halted in October due to a High Court injunction and an ongoing criminal investigation into the sale of CL Financial (CLF) assets. The consortium, led by prominent businessmen John Aboud and Anthony Rahael, expressed their intent to withdraw from the agreement, citing concerns over the legality and validity of the sale. In a letter dated October 15, attorney Melissa Inglefield, representing the buyers, outlined the reasons for the withdrawal, including reputational risks and operational disruptions. The government, as CLF’s principal creditor, intervened through the Attorney General, seeking to halt the sale amid allegations of irregularities. The injunction was granted just hours before the deal was set to be finalized, raising questions about the transparency of the liquidation process. The liquidators, Grant Thornton, had approved the sale in April, but the transaction faced mounting scrutiny from stakeholders, including CLF shareholders and creditors. The fallout from the failed sale underscores the complexities of liquidating high-value assets and the challenges of maintaining trust in such transactions.