R v Davies & Others – Client Acquitted11.04.2013
Mr Davies was acquitted yesterday at Bristol Crown Court of all charges against him. The prosecution had alleged that Mr Davies was the controlling mind behind a mortgage fraud conspiracy together with six other defendants. The alleged conspiracy was to obtain mortgages by the supply of false income details to financial institutions on application.
The prosecution offered no evidence because the Bark & Co defence team had exposed a number of flaws in the prosecution’s case. Through a process of persistent disclosure applications and cross-examination, the Bark & Co team had demonstrated that the income details were actually considered to be virtually irrelevant to mortgage lenders over the last decade, certainly for buy-to-let mortgages. We had exposed a culture amongst mortgage brokers and lenders of “throwing money” at applicants. We had also exposed serious concerns with the credibility of the mortgage brokers in this case.
Mr Jamas Hodivala of 2 Bedford Row was leading Counsel on the case with Ms Vedrana Pehar supporting also of 2 Bedford Row. Mrs Dina Patel was the lead Solicitor.