Four arrested over 'HK$70m mortgage fraud'

rthk.hk - Express News: Local ·
Hong Kong SAR China

Police have arrested three men and a woman on suspicion of conspiracy to defraud financial institutions in mortgage loan applications totalling more than HK$70 million, the force said on Wednesday. The four suspects, aged between 30 and 42, were arrested for allegedly submitting inflated income records through shell companies to secure high-value mortgage loans from three financial institutions…

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