SINGAPORE – All remaining seven charges faced by
a man linked to a housing loan scam
have been withdrawn, and a district court granted a discharge amounting to an acquittal for them in November.
This means Bijabahadur Rai Shree Kantrai, 55, cannot be charged again with the same offences.
The Singaporean was part of a group of five people who worked together on a ruse that led to a bank being duped into disbursing mortgage loans totalling more than $5.1 million.
In an earlier statement, the police said that between 2014 and 2015, Rai devised a scheme to perpetrate mortgage loan frauds involving two properties
