Five people, including three property agents, will appear in court today on charges of deception involving loans obtained from the Housing Authority and a bank.
Yung Siu-ling, 35, and Yung Siu-wah, 36, both property agents; Danny Chung Man-fai, 21; Lam Kin-chun, 21; and Yu Ming-wai, 42 - allegedly submitted fake supporting documents and inflated the purchase prices of two properties.
Independent Commission Against Corruption officers arrested the five on Wednesday.
They will appear in North Kowloon Court to face a total of seven counts of conspiracy to defraud.
On the first charge, Yung Siu-ling faces one count of conspiring with others to defraud a bank by inflating the purchase price of a property in Apliu Street from $580,000 to $860,000.
He is alleged to have conspired to defraud by falsely stating information about his employment and salary in applying for a loan under the authority's home assistance loan scheme and a mortgage loan from a bank.
