A former mortgage broker named by Crimestoppers as one of the UK's ten most wanted fraudsters has been arrested.
Misba Uddin, was sought for questioning by London Metropolitan Police after he allegedly submitted a number of fraudulent mortgage applications totaling £5.7m.
Once the mortgages were processed, he was accused of transferring the funds into his own accounts.
The FSA register shows a Mr Misba Uddin held controlled functions at Misba Properties Limited between 2004 and 2008, although his status is now 'inactive'.
A final notice for his business shows its permissions were cancelled in December 2008 for failing to submit a Retail Mediation Activities Return.
Uddin was arrested on 24 August and has been charged and remanded in custody.
Uddin’s arrest is the fourth by Crimestoppers since it launched its campaign to locate ten of the UK’s most wanted fraudsters on 2 August 2011.
Crimestoppers’ chief executive, Michael Laurie, said: “The response we have received from the public in our search for serious fraudsters who are responsible for taking nearly £200m out of our pockets has been tremendous and to have four of them arrested in less than a month is an exceptional result.
“One by one, all these fraudsters are going to be caught. The best thing they can do is to hand themselves in. There is nowhere to hide.”
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