Four Singapore men to be charged for mortgaging residential property without owner's knowledge
SINGAPORE, Nov. 9 -- A total of 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.
Police said in a news release today that the four men were arrested during a two-day operation on April 14 and 15.
The case came to light on April 3, after the victim discovered that a caveat had been lodged against his property in connection with a loan application that he had not authorised.
Preliminary investigations later revealed that fraudulent documents had been used to apply for mortgage loans, with the victim's property used as a collateral.
The quartet had purportedly worked with...
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