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Lawyer charged with conspiracy to cheat bank of mortgage loans

2015-03-31 08:27:49| Real Estate - Topix.net

Mohammed Lutfi Hussin, 48, faces nine charges of conspiring with Mohammad Sauki Mawadi, a former real estate agent, to cheat OCBC Bank of delivering a total of $6.2 million as mortgage loans in 2005 and 2006. Court documents say that Sauki dishonestly submitted documents as part of a mortgage loan application to OCBC for nine properties by inflating their purchase prices and induced the bank to approve and deliver higher mortgage loans.

Tags: bank loans mortgage charged

Category:Real Estate

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