Key facts
- Natwest Bank provided banking services to Twinwin.
- Twinwin is allegedly linked to Market Financial Solutions founder Paresh Raja.
- Twinwin is accused of being used to siphon off investor funds.
- The Financial Conduct Authority (FCA) is investigating the collapsed property lender, MFS.
- The FCA's investigation is examining the alleged diversion of investor funds.
- Natwest's involvement could draw it into the FCA's investigation.
Natwest Bank provided banking services to Twinwin, a company that is allegedly linked to Market Financial Solutions (MFS) founder Paresh Raja. Twinwin is accused of being used by Raja to siphon off investor funds. The banking services provided by Natwest could potentially draw the institution into the ongoing investigation being conducted by the Financial Conduct Authority (FCA). The FCA's probe centers on the collapse of the property lender, MFS, and the alleged diversion of investor capital. The investigation aims to understand the mechanisms through which investor money was purportedly siphoned off from MFS. Natwest's role as a service provider to Twinwin places it in a position where its operations may be scrutinized as part of the FCA's efforts to uncover the full details of the alleged financial misconduct.