Mortgage fraud charges for group
Name suppression has been lifted in a Serious Fraud Office (SFO) case which relates to a number of alleged mortgage frauds by an Auckland resident and his associates.
Thursday, July 6th 2017, 4:17PM
Charges in the case, which involved 76 properties in Auckland and Hamilton, were originally laid in September 2016.
But those charged have only now been revealed as Kang (Thomas) Huang (aka Gang Wang), his wife Yan (Jenny) Zhang (aka Kang Xu), lawyer Gang (Richard) Chen, and former Bank employee, Zongliang (Charly) Jiang.
The group all face various individual and representative charges under the Crimes Act and Huang and Jiang also face charges under the Secret Commissions Act.
The alleged offending took place between December 2011 and October 2015 and involved the obtaining of loans in excess of $50 million.
The SFO alleges the defendants provided false information or documents, or withheld information from either the BNZ or ANZ to obtain loans to purchase properties in either Auckland or Hamilton.
All the defendants have pleaded not guilty.
They will appear in the Auckland High Court later this year and the trial is set to start on 26 February 2018.
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