MFS founder Paresh Raja denies siphoning money, blames Barclays for collapse
Bloomberg reports that Raja's denial is his first detailed response to creditors' allegations. He blames Barclays' freeze of key accounts for the UK lender's collapse.
TLDR
Bloomberg reports that Paresh Raja, founder of collapsed UK bridging lender Market Financial Solutions, denied siphoning money from the company. Raja says it had been heading toward a sale or listing before Barclays froze key accounts, a move he blames for its collapse.
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