In another command, Su reportedly used the same process for the purchase of” Residences_E2 Property Number 2302″ to a Lin Zhenghu, and submitted the commitment to Maybank Singapore.
It involved a payment of , S$ 1, 029, 970 and S$ 969, 970 from a company called Tuo Xin You in December 2020, disguised as proceeds from the sale of the house.
According to court records, he had used this tactic to convince the lenders that the payments were from the purchase of the components and that he had been deceived into believing that he had genuine sources of wealth.
Su also submitted two payment agreements to two businesses to OCBC as authentic documents, reportedly with the intention of deceiving the bank into believing the deposits were from the money.
The first mortgage contract was between him and a business, Sheng Yu, for a loan of about S$ 2.5 million, which was then submitted to OCBC.
He allegedly intended to deceive the bank into believing reserves of S$ 1, 029, 990, S$ 499, 990 and S$ 969, 990 from Sheng Yu were delivered from the loan.