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.
Read the full decision in .
REGULATED ACTIVITIES – Refusal of application – Threshold Condition 5 – Fit and proper person – Mortgage business – Second Applicant had criminal convictions in 1992 for deception in connection with mortgage activities – Second Applicant had been bankrupt in 1991 – Second Applicant had been investigated and warned in 1999 for infringement of regulated activities – Application by First and Second Applicants did not disclose those facts – Whether second Applicant a fit and proper person – No – Threshold Condition 4 – Whether adequate resources – No – Reference dismissed.
Updates to this page
Published 1 December 2016