Indian-Origin Man Sentenced for Bank Fraud in Singapore

An Indian-origin man, Bijabahadur Rai Shree Kantrai, was sentenced to seven years and six months in jail for his role in a bank fraud that resulted in loans totaling over SGD 5.1 million. The fraudulent scheme involved inflating property prices and cash back payments, with multiple accomplices also receiving jail sentences.

An Indian-origin man has been sentenced to seven years and six months in jail for his involvement in a fraudulent scheme that duped a bank into disbursing more than SGD 5.1 million in loans related to the sale of two houses.

Bijabahadur Rai Shree Kantrai, 54, was convicted of seven similar charges along with his accomplices Sufandi Ahmad, 44, Kok Chiew Leong, 51, Mohamed Haron Hassan, 43, and Juma’at Johari, 44, who received different jail terms for their roles in the ruse.

The scam, which took place between 2013 and 2014, involved the sellers of properties inflating the prices and then paying cash back to the accused. This led to Maybank disbursing mortgage loans totaling more than SGD 5.1 million. Deputy public prosecutors Suhas Malhotra, Joseph Gwee, and Matthew Choo revealed these details in court documents.