SINGAPORE – A warrant of arrest has been issued against a man linked to a housing loan scam after he failed to turn up in a district court for his mitigation and sentencing on Tuesday (Oct 12).
Last month, odd job worker Saiful Azri Ali Amat, now 36, pleaded guilty to one count of attempted cheating after he tried to dupe DBS Bank into approving and delivering a mortgage loan of $2.88 million in February 2015.
The Singaporean had also pleaded guilty to two drug-related charges – one count each of methamphetamine possession and consumption.
At least two offenders linked to the housing loan scam were dealt with in court earlier.
Last year, former property agent Zulkarnain Lim Zulkefli, then 33, was given two weeks’ jail after admitting that he had engaged in a conspiracy with home owner Lau Ai Geck to fraudulently execute a Land Titles Act transfer form containing a false statement in 2015.
The form stated the sale price of Lau’s Limbok Terrace house near Yio Chu Kang Road was $3.6 million, when the agreed sale price was, in fact, $2.6 million.
Lau, who was 63 when she was charged in 2019, was fined $16,000 after admitting to her role in the ruse.
The cases involving two alleged offenders, Bijabahadur Rai Shree Kantrai, 51, and Sufandi Ahmad, 41, are still pending.
Saiful was out on bail of $30,000 when he failed to turn up in court on Tuesday morning.
His fiancee, who was his bailor, was seen weeping in the gallery after she tried in vain to contact him on his mobile…