Nawraz Karbani successfully appeals against Financial Conduct Authority decision to refuse permission to perform limited functions under FSMA 2000
9 February 2016
Nawraz Karbani successfully appealed to the Upper Tribunal following her client's six-year ordeal to clear his name after being falsely accused of fraud by abuse of position by a multi-national bank. Despite being acquitted of criminal charges, his application to continue a career in financial services as a company director was refused by the Financial Conduct Authority. The application to perform limited functions under the Financial Services Market Act 2000 required her client to satisfy the 'fit and proper' person test. After reviewing bundles of documentation that had mounted through years for litigation, failed disclosure requests, original transcripts and live evidence, the Upper Tribunal remitted the decision back to the FCA with a resounding endorsement of the Appellant's good character with a view to his returning to a promising career.
This case was widely reported by both legal and national press. For more information see links below: