UK’s MFS Owner Says He’s Been Harassed by Lawsuits After $3 Billion Collapse

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Lucca de Paoli and Donal Griffin October 8, 2026 at 1:11 PM UTC Takeaways by Bloomberg AI The owner of Market Financial Solutions Ltd. is facing a growing barrage of lawsuits as creditors try to recover about £2.3 billion ($3 billion) of loans they had extended to the UK property company that collapsed amid allegations of widespread fraud. Paresh Raja is under pressure to respond to as many as six lawsuits relating to the collapse of Market Financial Solutions, or MFS, his lawyers said in a filing in one of the UK High Court cases. With creditors pursuing overlapping claims and battling among themselves, Raja has urged them to coordinate their efforts and combine at least some of the proceedings.