'Most wanted' mortgage broker 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...