Melbourne man pleads guilty for role in multi-million dollar home loan fraud conspiracy

Melbourne man pleads guilty for role in multi-million dollar home loan fraud conspiracy
Staff ReporterSeptember 9, 2015

A Melbourne man has pleaded guilty to one charge of conspiring to defraud financial institutions following his role in an attempt to create and use of false documents to support loan applications valued at approximately $110 million.

The charge follows an ASIC investigation into Footscray-based finance broking company, Myra Home Loan Pty Ltd, trading as Myra Financial Services (no longer trading) (Myra).

Aizaz Hassan pleaded guilty the Melbourne Magistrates' Court on 9 September following his arrest and charge in January.

He is currently on bail and will appear at the County Court at Melbourne on 14 October.

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