Hong Kong police arrest two suspects over HK$6 million loan scam
- Men aged 26 and 59 stole deed to elderly woman’s flat and used it to get loan from finance company
- Pair were arrested after younger of the two tried to cash cheque for HK$5.9 million
Two men have been arrested on suspicion of stealing the deed to a Hong Kong flat from an elderly woman and using it as collateral for a HK$6 million (US$771,300) loan.
Police detained the pair, a 26-year-old and a 59-year-old, on suspicion of forging an identity document, money laundering and conspiracy to commit fraud.
Sung Ka-wai, acting chief inspector at the police’s financial crimes investigation division, said the 81-year-old victim, who lives in Tai Kok Tsui, had become friends with the older suspect after being introduced by a friend.
During a visit to her house, the woman had told the man where she kept important documents, he said.
“The victim only realised the documents were missing after police got in touch with her,” Sung said.
Police believe the two men were part of a gang, but the incident in question was a one-off and not part of a wider scam.
