Mortgage broker appeals slammed with higher fines

Banned mortgage fraudsters Nazia Bi and Quadeem Mohammed, who helped with the fraud, have seen their fines hiked from £25,000 and £15,000 to £45,000 and £25,000 respectively. The pair had both appealed the level of the fines levied by the regulator, although they did not challenge its findings. The initial fines had already been reduced by the regulator, for reasons of financial hardship. The original fines levied were £75,000 and £25,000 respectively. Flaws in the pair's evidence became apparent during the trial, including Bi's testimony she would be made redundant from the solici...