Four Singapore men to be charged for mortgaging residential property without owner’s knowledge
Four men, aged between 27 and 39, had worked together to fraudulently use a residential property as a loan collateral without the property owner's knowledge. — Pexels pic
Summary
- Four men in Singapore will be charged for their roles in a fraudulent mortgage scheme using a property without the owner's knowledge.
- The scheme involved impersonation and forgery to fraudulently acquire over $6 million in loans, with ongoing efforts to trace a fifth accomplice.
- Charges include abetment of cheating, unlawful issuance of identity cards, and possession of forged documents, carrying potential penalties of up to 10 years' imprisonment.
First Published: Monday, 09 Nov 2026 2:31 PM MYT
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 another man with the intention to fraudulently obtain mortgage loans of more than $6 million from two credit companies — using the property as a collateral.
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In Malaysia we have one word for such criminality, ADORNA-rising.
The Singapore case has a totally different outcome from Malaysia's notorious Adorna case.
ReplyDeleteIn the Singapore case , the perpetrators have been caught and facing justice, and the rightful original owners have been fully restituted.
In the Malaysia Adorna case, the Federal Court VERY unjustly declared the original owners had forfeited the land title, and Adorna - which had bought the land "from" the scammers were now the rightful owners. Adorna was an UMNO-linked company.
In essence the Federal Court legally declaring the fraud profitable, just to protect an UMNO-linked company.
It looks 21( !)years for justice to finally prevail, a fresh Federal Court reopened the case, and finally reinstated the original land title - but the original owner had already died.