Zhang claimed that he was aware that this was a fake record because he did not initially possess such a house and that he had obtained it from someone specifically to support his state to the lender.
He had also offered another made document to CIMB in the summer of 2020.
This day, the report apparently stated that he had been given a loan of HK$ 7.5 million to cover a loan of this kind into his account.
Zhang’s possession of this sum, which is logically believed to be related to legal behavior, at least directly or in part, was not properly accounted for. The second command against him came from this.
For each matter of fraudulent use of forged records, Zhang could have been sentenced to jail for up to four years, fined, or both.
He may have received a fine of not more than S$ 150, 000, a three-year prison sentence, or both for not accurately accounting his possession of property that was reasonably suspected to be a source of gains from criminal conduct.
This article was initially published in , Now.