Creditors of collapsed MFS claim £1.3bn shortfall

Creditors of collapsed UK bridge-loan provider Market Financial Solutions allege in court filings that the firm’s failure has left a £1.3 billion shortfall, with up to £238 million unaccounted for and claims that loans were extended to entities linked to owner Paresh Raja and secured through potentially fraudulent practices such as connected lending and double-pledging of collateral.

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