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Surveyor convicted for £10m mortgage fraud

Surveyor Mary-Jane Rathie, who accepted gifts worth £1m for her part in a £10m mortgage scam, has been convicted of fraud.

Rathie received money and cars – a Range Rover Sport and Bentley Continental – to inflate valuations to help secure the loans, according to the BBC.

She was convicted of five counts of fraud between May 2007 and June 2009 and of concealing criminal property.

However, her husband, Met Police officer David Rathie, was cleared of a charge of concealing criminal property.

Last month, Judge Timothy Pontius warned Rathie she faced a prison sentence “of some length”.

David Durose, prosecuting, told the court Rathie had “dishonestly inflated” valuations for a woman, Joanne Pier, who used them to obtain mortgages of Bank of Scotland. The properties were all in London.

Pier has since left the country and cannot be found.


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There is one comment at the moment, we would love to hear your opinion too.

  1. Silly woman. And in all this time her Met police officer hubby had no idea that something was wrong. Did he really believe she could afford the fancy cars without explaining where the cash came from. He must be a really bad copper. A surveyor once told me a property is worth what someone is prepared to pay for it. Another literally told me he is God and that I had no business to question his so called professional opinion. There must have been a crooked lawyer involved too. I feel sorry for the poor broker that got innocently dragged into this mess.

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