$6,000 fine for loan lie

A PROPERTY hungry university student lied to the Hong Kong Housing Society in the hope of winning a $500,000 loan.

Ho Kit-wah and her husband applied for the money under the Sandwich Class Housing Loan Scheme, Eastern Magistrate's Court heard yesterday.

On April 19, Ho swore before a housing manager she had not owned residential property between November 1992 and April this year and was then issued an approval certificate for up to $550,000.

But the Land Registry later revealed Ho had co-owned a Java Road flat from October 1988 to May 1993.

Ho, was arrested on July 27. She told police she had mixed up the dates. The 34-year-old, who pleaded guilty to making a false statement, was fined $6,000 by magistrate Yung Yiu-wing.