Fraud Charges for Four Men Accused of Using a Singapore Home to Seek S$6 Million in Mortgage Loans

Four men aged 27 to 39 will be charged in court on 10 November over an alleged attempt to borrow more than S$6 million in mortgage loans from two credit companies, using a home as collateral without its owner knowing. The owner found out on 3 April, when he discovered a caveat lodged against his property for a loan he had never applied for.

Whether any money was paid out isn't in the reports.

How the scheme allegedly worked

The police statement, as AsiaOne reports it, sets out a role for each man. The 39-year-old is accused of posing as the owner with forged identity documents. The 27-year-old allegedly lured the owner away from his home twice under false pretences, while the 29-year-old let valuers into the property. The 36-year-old is accused of helping to forge an NRIC.

Officers from the Bedok Police Division arrested the four on 14 and 15 April and seized a forged identity document and mobile phones. Police are still trying to trace a fifth person the four worked with.

The charges

The 39-year-old faces six: two counts of abetment of cheating, one of possessing a forged identity card and three of using a forged electronic record as genuine. The 27- and 29-year-olds face abetment of cheating; the 36-year-old, abetting the unlawful issue of an identity card.

Abetment of cheating carries up to 10 years' jail, a fine, caning or any combination, and possessing a forged identity card up to 10 years' jail, a fine of up to S$10,000, or both.

A similar case in May

In May 2026 a Katong homeowner described a group booking his landed house for a photo shoot, after which someone used a forged NRIC to seek a S$2.9 million loan from a credit company against it. Stomp's account says a second homeowner was targeted too, and that the two made separate police reports. The 9 November reports don't connect the four men to either.