FCA investigates collapsed lender MFS amid £1.3bn mortgage scandal
Move follows the granting of a worldwide asset-freezing order on company’s founder, Paresh RajaWhat is the £1.3bn MFS mortgage scandal and what is private credit?The UK’s financial regulator has launched an investigation into Market Financial Solutions (MFS), the mortgage lender that collapsed...
<p>Move follows the granting of a worldwide asset-freezing order on company’s founder, Paresh Raja</p><ul><li><p><a href="https://www.theguardian.com/business/2026/mar/18/mfs-mortgage-scandal-private-credit">What is the £1.3bn MFS mortgage scandal and what is private credit?</a></p></li></ul><p>The UK’s financial regulator has launched an investigation into Market Financial Solutions (MFS), the mortgage lender that collapsed last month amid allegations of fraud.</p><p>The move follows the granting of a £1.3bn <a href="https://www.theguardian.com/business/2026/mar/18/mfs-mortgage-scandal-private-credit">worldwide asset-freezing order on MFS founder Paresh Raja</a> on Wednesday, as creditors successfully gained court orders in London and Dubai barring the tycoon from dissipating assets.</p> <a href="https://www.theguardian.com/business/2026/mar/20/fca-investigates-mfs-mortgage-lender">Continue reading...</a>
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