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An ex-OCBC employee was accused of falsifying housing loan documents for 11 clients over the span of a year, with the sum involved being over $7.7 million.
The accused, Paul Liew Ziguang, 30, was charged in court with 13 counts of forgery with the intention to cheat on Thursday morning (Nov 9).
The prosecution alleged that Liew, as a housing loan specialist, had between March 2014 and March 2015, falsified documents for 11 clients so they would qualify for the housing loan.
The amounts for the cases ranged between $230,000 to $1.24 million, with the total sum amounting to more than $7.7 million, reports Lianhe Wanbao.
Liew had allegedly inflated the salaries of the various applicants so their loans would be approved.
In addition, Liew also falsified a bank slip for a client, as well as generate approval letters for unpaid leaves.
After the charges were read out, Liew said that he would hire a legal representative and intended to plead guilty,
Individuals found guilty of forgery with the intention to cheat can be fined and jailed for up to 10 years.