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Oct 28, 2009
Jailed for cashback scam <!--10 min-->
<!-- headline one : start --> <!-- headline one : end --> <!-- Author --> <!-- show image if available --> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody><tr></tr> <tr> </tr> <tr> </tr> <tr><td colspan="2" class="padlrt8 georgia11 darkgrey bold">By Khushwant Singh </td></tr> </tbody></table> <!-- START OF : div id="storytext"-->
A PROPERTY agent was jailed for two months on Monday for his role in a cashback scheme in 2004. Tay Choon Hung, 33, inflated the purchase price of a Jurong East flat from $157,000 to $193,000 for the buyer to obtain a higher bank loan. Tay also faked documents to indicate that his client, who was then working as a driver, earned a higher income to qualify for the mortgage.
Oct 28, 2009
Jailed for cashback scam <!--10 min-->
<!-- headline one : start --> <!-- headline one : end --> <!-- Author --> <!-- show image if available --> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody><tr></tr> <tr> </tr> <tr> </tr> <tr><td colspan="2" class="padlrt8 georgia11 darkgrey bold">By Khushwant Singh </td></tr> </tbody></table> <!-- START OF : div id="storytext"-->
A PROPERTY agent was jailed for two months on Monday for his role in a cashback scheme in 2004. Tay Choon Hung, 33, inflated the purchase price of a Jurong East flat from $157,000 to $193,000 for the buyer to obtain a higher bank loan. Tay also faked documents to indicate that his client, who was then working as a driver, earned a higher income to qualify for the mortgage.
