Rajiv Khungar and Khungar Home Loans Limited v Financial Services Authortiy: FIN 2004/0028
Upper Tribunal Tax and Chancery decision of Judge Oliver QC and Member Laing and Member Neill on 19 October 2005.
Read the full decision in .
REGULATED ACTIVITIES � Refusal of application � Threshold Condition 5 � Fit and proper person � Mortgage business � Second Applicant had criminal convictions in 1992 for deception in connection with mortgage activities � Second Applicant had been bankrupt in 1991 � Second Applicant had been investigated and warned in 1999 for infringement of regulated activities � Application by First and Second Applicants did not disclose those facts � Whether second Applicant a fit and proper person � No � Threshold Condition 4 � Whether adequate resources � No � Reference dismissed.