Hussain defies court order to continue targeting BUMF deals

By Owen Sanderson
25 Jun 2020

Rizwan Hussain has claimed to be executive chairman of the issuing vehicles in legacy CMBS deals from the Business Mortgage Finance series, despite an order from a judge last July that attempted to stop his associates from representing themselves as officers or trustees of the deals.

A a series of stock exchange notices, purportedly issued by the Business Mortgage Finance (BUMF) issuing vehicles, said that Hussain’s role would be “to provide supervision to the Board of Directors of the Issuer and to be a valuable resource for the Issuer to utilise as well as ...

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