REGULATORY · COMPETITIVE · UK
Court orders £1.3bn asset freeze on MFS founder
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A court granted a £1.3bn worldwide asset‑freezing order against MFS founder Paresh Raja.
Why it matters
A court issued a £1.3bn worldwide asset‑freezing order against MFS founder Paresh Raja. Creditors obtained enforceable court orders in London and Dubai that bar Raja from dissipating the covered assets. MFS entered administration in February after borrowing £1.3bn from a series of financial companies. The Financial Conduct Authority has opened an enforcement investigation into MFS.
Implications · Who is affected · What to watch
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Enforcement & Legal Court Rulings Regulatory & Compliance Regulatory Actions Finance & Banking Financial Services