Bridging lender escapes potential £1.5m fraud

Bridging lender escapes potential £1.5m fraud


The City-based short term lender, Masthaven Bridging Finance Ltd, claims to have narrowly escaped a £1.5 million fraud. 

The bridging loan firm came close to lending on what they believe was a fraudulent application and the men accused are now awaiting trial.


Shane Martin, 50, of Hillview in Cotebrook, Tarporley, has been charged with committing fraud by making false representation to the bridging lenders on or before April 13 of this year.


He appeared at Chester Magistrates Court on Wednesday, May 19, for a preliminary hearing where it was ruled that the case would continue at Chester Crown court on June 14.


Also accused are Ahmed Ali, Shakil Ahmed and Ahmed Onmar with the intention to make a gain of £1.5 million.


Following the hearing at Chester Crown Court, all four men will go on to face trial in London.


Mr Martin has been remanded in custody and is awaiting bail. Mr Ahmed, Mr Ali and Mr Onmar have been released on bail.  

Leave a comment