- Four men, aged between 27 and 39, will be charged in court tomorrow for their alleged involvement in a fraudulent mortgage scheme that involved the use of a residential property without the rightful owner's knowledge.
- Efforts to trace the fifth person, whom the four had worked with, are ongoing.
- The 27- and 29-year-old men face charges of abetment of cheating, which carries an imprisonment term of up to 10 years, and a possible fine or caning, or both.
- The 36-year-old man will be charged with abetting the unlawful issue of an identity card, carrying a penalty of up to 10 years' jail, a fine of up to S$10,000, or both.
- The 39-year-old man faces multiple charges: two counts of abetment of cheating, one count of possession of a forged identity card, and three counts of using as genuine a forged electronic record; penalties for these offences include up to 10 years' jail per charge for cheating and using forged documents, and up to 10 years' jail, a fine up to S$10,000, or both for possessing a forged identity card.
Four men in Singapore are facing charges for their involvement in a fraudulent mortgage scheme that exploited a residential property without the owner's knowledge. The men, aged between 27 and 39, were arrested during a police operation on April 14 and 15.1
The case emerged on April 3 when the victim discovered a caveat lodged against his property linked to an unauthorized loan application. Investigations revealed that fraudulent documents were used to secure mortgage loans, with the victim's property serving as collateral.
The alleged mastermind, a 39-year-old man, impersonated the victim using forged identity documents to facilitate loan applications. Meanwhile, a 27-year-old man misled the victim away from his home on two occasions, and a 29-year-old man provided access to the property for valuations. A 36-year-old accomplice assisted in forging identity documents.567
The four men face serious charges, including abetment of cheating, which carries a potential 10-year imprisonment term. The 39-year-old will face multiple counts related to the use of forged documents. Police are still tracing a fifth accomplice involved in the scheme.34
The fraudulent scheme aimed to secure over $6 million from two credit companies, highlighting the severity of the crime and the potential penalties involved.
“The 27- and 29-year-old face charges of abetment of cheating, punishable by up to 10 years' jail, while the 36-year-old is charged with abetting the unlawful issue of an identity card, carrying a fine of up to S$10,000. The 39-year-old faces multiple charges including possession of a forged identity card.”
Malay Mail
