Rajiv Khungar and Khungar Home Loans Limited v Financial Services Authortiy: FIN 2004/0028
Upper Tribunal Tax and Chancery decision of Judge Oliver QC and Member Laing and Member Neill on 19 October 2005.
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REGULATED ACTIVITIES 鈥� Refusal of application 鈥� Threshold Condition 5 鈥� Fit and proper person 鈥� Mortgage business 鈥� Second Applicant had criminal convictions in 1992 for deception in connection with mortgage activities 鈥� Second Applicant had been bankrupt in 1991 鈥� Second Applicant had been investigated and warned in 1999 for infringement of regulated activities 鈥� Application by First and Second Applicants did not disclose those facts 鈥� Whether second Applicant a fit and proper person 鈥� No 鈥� Threshold Condition 4 鈥� Whether adequate resources 鈥� No 鈥� Reference dismissed.
Updates to this page
Published 1 December 2016