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Surveyor ‘accepted gifts worth £1m’ in mortgage scam

A Hertfordshire surveyor accepted ‘gifts’ worth £1m as part of a £10m mortgage fraud, the Old Bailey has heard.

According to reports, Mary-Jane Rathie, a senior surveyor, is alleged to have overvalued London properties in exchange for money and expensive cars.

Rathie, 43, received £900,000 in cheques and money transfers as well as a Bentley Continental and a Range Rover Sport, jurors were told.

David Durose, prosecuting, said the gifts were payment for dishonest valuations and the money was used to pay off a mortgage and buy a new property.

Rathie denies five allegations of fraud between May 2007 and June 2009, and she and her husband, David, each deny a charge of concealing criminal property.

She is accused of dishonestly inflating valuations for a woman known as Joanne Pier, who used the valuations to obtain mortgages from the Bank of Scotland worth millions of pounds.

The trial continues.

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I want express my deep concern for all the advisers of Citri. For many weeks now we have been in turmoil over the outcome of Citri’s troubles and we are still none the wiser with regards to its demise. We understand the directors of Citri have announced to staff that it is in receivership but […]

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  • Tim Nice But Dim lurking in Finchley 7th June 2011 at 4:29 pm

    Bentley was a good choice, but I would have gone for the DB9 or Vanquish S.

    Honestly, these dodgey surveyors have no class!

  • Ancient Wisdom...is a mortgage broker in N3 7th June 2011 at 4:26 pm

    …just goes to show how easy the system is to abuse – no checks by lenders or solicitors once again.

    First Savills and Barclays, now BoS and Ashdowne Lyons, I wonder who is next….