First Abu Dhabi Bank exposed to insolvencies of MFS-linked properties

First Abu Dhabi Bank faces potential exposure to a new wave of MFS-linked property insolvencies after 60 London property companies owned by Khemanand Hurhangee filed notices of intention to appoint administrators, months after FAB’s Swiss unit refinanced properties previously tied to collapsed bridging lender Market Financial Solutions and its disputed £950 million property portfolio.

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