Published: March 23, 2026 at 3:58 pm
The Financial Conduct Authority has opened an investigation into collapsed mortgage lender MFS amid allegations of fraud.
Market Financial Solutions Limited, which is based in Mayfair, London, entered administration last month owing billions.
A worldwide asset-freezing order has been imposed on founder and CEO Paresh Raja, who is based in Dubai, by administrators AlixPartners. He is limited to spending £5,000 per week without consent.