Trio gets five years each for OCBC housing loan scam
Published on Dec 14, 2011
Ex-OCBC executive Winnie Goh Li Ching (centre), 34, together with freelance housing agent Lau Thuan Heng (left), 63, and Siti Rahuyu Masud, 38 (right), had admitted to scheming with each other to cheat the bank into disbursing housing loans with forged documents in 2005 and 2006. -- PHOTO: SPF
By Elena Chong
A former mobile banking executive and a couple were each jailed for five years on Wednesday for conspiring to cheat OCBC Bank.
Ex-OCBC executive Winnie Goh Li Ching, 34, together with freelance housing agent Lau Thuan Heng, 63, and Siti Rahuyu Masud, 38, had admitted to scheming with each other to cheat the bank into disbursing housing loans with forged documents in 2005 and 2006.
Goh admitted to 33 counts while the couple pleaded guilty to six charges each.
A district court was told that Lau and Siti, who were then running a satay business, devised a scheme to gather a pool of buyers who would hold properties and take up mortgage loans in their names.
Read the full story in Wednesday's edition of The Straits Times.
Ex-OCBC executive Winnie Goh Li Ching (centre), 34, together with freelance housing agent Lau Thuan Heng (left), 63, and Siti Rahuyu Masud, 38 (right), had admitted to scheming with each other to cheat the bank into disbursing housing loans with forged documents in 2005 and 2006. -- PHOTO: SPF
By Elena Chong
A former mobile banking executive and a couple were each jailed for five years on Wednesday for conspiring to cheat OCBC Bank.
Ex-OCBC executive Winnie Goh Li Ching, 34, together with freelance housing agent Lau Thuan Heng, 63, and Siti Rahuyu Masud, 38, had admitted to scheming with each other to cheat the bank into disbursing housing loans with forged documents in 2005 and 2006.
Goh admitted to 33 counts while the couple pleaded guilty to six charges each.
A district court was told that Lau and Siti, who were then running a satay business, devised a scheme to gather a pool of buyers who would hold properties and take up mortgage loans in their names.
Read the full story in Wednesday's edition of The Straits Times.
