Web of tiny accounting firms audited collapsed MFS property lending empire
Creditors owed more than £2bn have made allegations of fraud at insolvent business
Creditors owed more than £2bn have made allegations of fraud at insolvent business

Collapsed Market Financial Solutions extended mortgages to entities tied to defendant in Michael Adams case

Bank among lenders to have identified issues with Market Financial Solutions after other high-profile failures

Investigation follows failure of Mayfair-based lender and linked companies owned by founder Paresh Raja

Some £238mn is unaccounted for by entities tied to UK bridge-loan provider, creditors allege in court filings

Administrators file lawsuit alleging at least £1.3bn ‘misappropriated’ from collapsed mortgage firm

Market Financial Solutions was complying with rules, law firm reported to UK regulator