A former OCBC bank officer who allegedly forged documents belonging to 11 clients to help them get housing loans of about $7.7 million was charged in the State Courts on Thursday (9 November). Paul Liew Ziguang, 30, faces 13 counts of committing forgery for the purpose of cheating.
According to court documents, Liew, who was a mortgage specialist at the bank, allegedly helped to deceive his employer into believing that his clients earned higher annual incomes than they actually did or met the regulatory requirements for their housing loan applications.
As a result, the bank approved the loans, which totalled $7,728,543. He is said to have committed the offences between March 2014 and March 2015. If found guilty, Liew faces up to 10 years in jail and a fine for each charge. His case will be heard again on 23 November.
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