JURORS have begun deliberating in the trial of a man accused of ‘grossly misrepresenting’ his earnings in order to take out three mortgages.

Fredi Shima, of Mill Lane, Marston, denies two counts of obtaining a money transfer by deception and a further count of fraud.

His trial at Oxford Crown Court has heard how the 44-year-old is alleged to have deceived the mortgage lenders Birmingham Midshires in order to obtain hundreds of thousands of pounds.

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Prosecutors claims that on one occasion, he was able to borrow £140,250 to buy a house in Moorbank, Blackbird Leys, in 2006.

The court heard how Shima applied for a buy-to-let mortgage after claiming he was a hotel manager earning £17,000 a year and had £22,000 in additional income from a second job and a rental property.


In late 2006, prosecutors claim, Shima applied for a further mortgage on a house in Kestrel Crescent, Oxford, and borrowed £177,000 and then, in 2009, secured £131,250 to buy a house in Tucker Road, Oxford.

As his trial continued on Tuesday his defence counsel, Stephen Shay pointed the finger of blame at Farooq Ghulam, a witness in the trial who was Shima’s financial advisor at the time and filed the mortgage forms.

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Mr Ghulam denied making up the figures in order for Shima to secure a mortgage.

After hearing closing arguments from defence and prosecution teams jurors were given a final summing up of the case by presiding Judge Ian Pringle QC.

The panel was sent out to begin their deliberations about midday yesterday.