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Judge says "even incompetence" cannot explain valuation
The former head of valuations at Dunlop Haywards' City office has been found liable for a £11.5m alleged mortgage fraud.
A high court judge found on Friday (18 January) that Ian McGarry had dishonestly given Cheshire Building Society a vacant possession valuation of £10.5m for an old brass works in Aston, Birmingham.
The judge said that McGarry - who was arrested and released without charge in March 2006 in relation to the alleged fraud had also claimed that three new lertings in the...