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Hong Kong court upholds 6.5-year jail term in HK$26m mortgage fraud
The Court of Appeal found a senior officer made knowingly false mortgage claims to cover his income and employment status, securing more than HK$26 million in loans.
A Hong Kong court has rejected a senior police officer’s appeal of his 6.5-year jail sentence for mortgage fraud involving more than HK$26 million, according to SCMP Economy.
In a written judgment delivered on Monday, the Court of Appeal upheld Superintendent Harbour Chan Hoi-kong’s conviction on two fraud counts, concluding he knowingly made false claims in two mortgage applications that he was the general manager of a food trading company founded by his ex-colleague.
Chan had applied in July and November 2019 for mortgages for properties including a luxury house at Seaview Villas in Tai Po and a flat at Coastal Skyline in Tung Chung, SCMP Economy reported.
The outlet said the officer was paid about HK$150,000 per month at the time, which was just below lenders’ minimum requirements, and that his applications falsely claimed employment by the company, Commander Capital, with monthly income above HK$240,000.