Hong Kong News

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Sunday, Oct 02, 2022

Senior fire officer charged by ICAC over HK$7.8m mortgage loan fraud

Senior fire officer charged by ICAC over HK$7.8m mortgage loan fraud

A property buyer was charged for allegedly deceiving a bank and the Hong Kong Mortgage Corporation Insurance Limited (HKMCI) into granting a mortgage loan with a loan-to-value (LTV) ratio of 80 percent, about HK$7.8 million, by making false representations that a flat was purchased for self-use.
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