MFS owner Paresh Raja hit with worldwide freezing order
#Paresh Raja #MFS #freezing order #worldwide #assets #legal #court
📌 Key Takeaways
- Paresh Raja, owner of MFS, has been issued a worldwide freezing order.
- The order restricts Raja's ability to move or access assets globally.
- This legal action is typically taken to prevent asset dissipation during proceedings.
- The specific reasons or underlying case details are not provided in the article.
Businessman barred from spending more than £5,000 a week without administrators’ consent
🏷️ Themes
Legal Action, Finance
📚 Related People & Topics
Market Financial Solutions
Defunct British specialist mortgage lender
Market Financial Solutions Ltd (MFS) was a Mayfair-based specialist financial services firm and mortgage lender that provided bridge loans and buy to let finance. Founded in 2006, the company entered administration in February 2026 following allegations of massive financial irregularities, including...
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MFS owner Paresh Raja hit with worldwide freezing order on x (opens in a new window) MFS owner Paresh Raja hit with worldwide freezing order on facebook (opens in a new window) MFS owner Paresh Raja hit with worldwide freezing order on linkedin (opens in a new window) MFS owner Paresh Raja hit with worldwide freezing order on whatsapp (opens in a new window) Save MFS owner Paresh Raja hit with worldwide freezing order on x (opens in a new window) MFS owner Paresh Raja hit with worldwide freezing order on facebook (opens in a new window) MFS owner Paresh Raja hit with worldwide freezing order on linkedin (opens in a new window) MFS owner Paresh Raja hit with worldwide freezing order on whatsapp (opens in a new window) Save Euan Healy and Ortenca Aliaj in London Published March 18 2026 Jump to comments section Print this page Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The administrators of UK mortgage provider Market Financial Solutions have secured a worldwide freezing order against the company’s owner Paresh Raja, after the lender collapsed amid allegations of fraud last month. Under the order, Raja must provide details of all his assets worth more than £10,000 and is prevented from spending more than £5,000 a week without the consent of the MFS’s administrators, people familiar with the matter told the FT. Courts in London and Dubai in recent days ratified the applications made by MFS’s administrators AlixPartners, the people said. Both orders have been served upon Raja, they added. Creditors to MFS are facing an alleged shortfall of £1.3bn following the collapse last month, with more than £250mn unaccounted for after discovering a network of borrowers seemingly tied to its owner. Companies including Barclays, Jefferies and Apollo’s structured credit arm Atlas SP Partners are among those that extended more than £2bn of financing to MFS, which claimed it could “deliver loans as large a...
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