London

Surveyor Mary-Jane Rathie jailed for £10m mortgage scam

A senior surveyor who took gifts worth £1m for her part in a £10m mortgage scam for London properties has been jailed for six years.

Mary-Jane Rathie of Waltham Cross, Hertfordshire, got money and cars to inflate valuations to secure the loans.

Last month the 43-year-old was convicted of five counts of fraud and concealing criminal property.

Judge Timothy Pontius told her it was a "tragedy" that someone with her work record was in the dock.

Her then husband, Met Police officer David Rathie, of Cheshunt, had been cleared of a charge of concealing criminal property at the old Bailey trial last month.

The couple have now divorced.

David Durose, prosecuting, told the court that the surveyor, who worked with Ashdown Lyons, provided "dishonestly-inflated" valuations for a woman, who used them to secure mortgages from the Bank of Scotland between May 2007 and June 2009.

Mr Durose said the client obtained more than £10m of loans, £9.5m of which relied on valuations by Rathie

The offences relate to a riverside property in Chelsea; a flat in Belgravia, near Sloane Square and another at Chester Mews, at the back of Buckingham Palace, the jury heard.

A fourth property was in the Docklands, east London, and a fifth in Pimlico, central London.

The client has left the country and cannot be found, the trial was told.

Judge Timothy Pontius said that her being convicted was "nothing short of a tragedy".

"There is no doubt that your fall from grace is a heavy one," he added.

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