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City A.M.United Kingdom

MFS founder accuses administrators of ‘internecine warfare’

The founder of collapsed shadow bank MFS has accused administrators of “internecine warfare” and harassment as the firm’s creditors fight to unlock billions of pounds in frozen funds, City AM can reveal. Paresh Raja, the chief executive of Market Financial Solutions who has denied claims he siphoned “vast sums” from the mortgage firm , has asked the High Court to force all competing claims against him into a single, coordinated process. Raja is currently facing…

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