0215 Hrs ['Bank Holiday'] Monday London 4 May 2009
http://www.mortgagestrategy.co.uk/cgi-bin/item.cgi?id=185606&d=403&h=401&f=402
FSA BANS EAST LONDON MORTGAGE BROKER FOR FRAUD
Natalie Martin
30-Apr-2009
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The Financial Services Authority has banned Tower Hamlets based mortgage adviser Zia Chowdhury for certifying client identities for fraudulent mortgage applications.
He also operated his firm Express Financial without being approved by the FSA as required.
Jonathan Phelan, head of retail enforcement at the FSA, says: "Mr Chowdhury’s actions posed a serious risk to lenders. Our crackdown on mortgage fraud is gathering pace – we have banned more than 40 mortgage brokers over the last two years, and we will continue to ban people who become involved in mortgage fraud, in order to stamp out this behaviour.”
The FSA found that Chowdhury certified client identity documents accompanying five fraudulent mortgage applications as true copies of the originals without seeing the original documents or meeting the clients.
He also submitted the mortgage applications in circumstances in which he must have suspected that false information might have been used or that the individuals who referred the applications might be involved in mortgage fraud; and knowingly carried out controlled functions at Express Financial without being approved.
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Poverty of the MPs is in the grotesque shamelessness... and petty greed
EAST LONDON PRESS says at 0510 Hrs on Tuesday 31 March 2009: It is not just Harry Cohen, the east London MP who used to flaunt a faker beard and spout strings of calculated socialistic confections... Having lost BOTH in order to stay on the bandwagon, Cohen seems to have also lost any sense of rationality. And dignity. How else could he be saying those things, comparing himself to Churchill in that way? There were indeed many flaws in Churchill’s life and character. But Harry Cohen is not remotely convincing as a comparable Member of Parliament...Or as a member of society... What Cohen’s banal boast tells us about him is that he belongs to a parliament of political, mental, moral pigmies with no evident shame...
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