Jail for five linked to housing loan scam; bank duped into disbursing over S$5.1mil

(Clockwise from top left) Mohamed Haron Hassan, Sufandi Ahmad, Kok Chiew Leong and Bijabahadur Rai Shree Kantrai are linked to a housing loan scam. - ST

SINGAPORE: A group of people worked together on a ruse which led to Maybank being duped into disbursing mortgage loans totalling more than $5.1 million in relation to the sale of two houses.

In a statement on Aug 20, the police said the bank incurred a loss of over $1.79 million on the two properties.