The FCA has urged customers who took out a loan with Dharam Prakash Gopee to contact them, as they may be eligible for compensation.
Gopee, who was convicted of illegal money lending offences in February 2018, was sentenced to three and a half years in prison.
The FCA has begun confiscation proceedings against Gopee in order to recover the financial benefit he obtained from his criminality, and the regulator has said that money recovered under the confiscation order can be used to compensate any victims.
FCA executive director of enforcement and market oversight, Mark Steward, commented: “Mr Gopee preyed on vulnerable people for his own gains. He has now been jailed, and now we want to confiscate his criminal proceeds to compensate his victims.
“We have been in contact with victims already, but we know there are more out there. We ask anyone who borrowed from Mr Gopee to come forward so we can quantify relevant amounts and present the evidence to the court.”
The FCA has urged any individual who took out a loan with Gopee, or any of his companies, and who has not yet contacted the FCA, to do so by 15 November 2019.
Latest News
-
Residential property transactions increase 4% year-on-year – HMRC
-
PIMFA calls on FCA for more clarity in ‘targeted support’ proposals
-
UK banks to invest over £1.8bn in AI by 2030
-
Pivotal Growth announces double bolt-on acquisition
-
FCA receives nearly 5,000 reports of scammers impersonating regulator in H1
-
Limited company ownership driving BTL activity
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories