A solicitor who failed to answer bail after being accused of conspiracy to launder money and defraud mortgage lenders and banks of around £12m has been rearrested and charged.

Ajayi Seun, 45, was held after his photograph and other details appeared on Crimestoppers’ list of the 10 most wanted alleged fraudsters. He has been remanded in custody awaiting trial.

The Solicitors Regulation Authority had previously put conditions on Seun’s practising certificate in February 2010 and March 2011, when he was working at a London firm of solicitors.

He was admitted to the roll in November 2001.