By Martin Coyle ( September 28, 2026, 15:32 GMT | Insight) -- Paresh Raja, the founder of mortgage broker Market Financial Solutions, has blamed Barclays for the collapse of the company with debts of more than £1 billion, adding that he wasn’t responsible for fraud there. The company's administrators are suing Raja, saying that he was responsible for widespread fraud at MFS. Paresh Raja, the founder of mortgage broker Market Financial Solutions, has blamed Barclays for the collapse of the company with debts of more than £1 billion, adding that he wasn’t responsible for fraud at MFS....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.