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Harvinder Basi guilty of £500k mortgage fraud

By: KentOnline reporter multimediadesk@thekmgroup.co.uk

Published: 15:38, 03 August 2010

Updated: 15:38, 03 August 2010

Maidstone Crown Court

A 35-year old man has been found guilty of a £500,000 mortgage fraud.

Harvinder Basi of The Shades, Rochester, falsely represented his income to obtain a loan of £504,519.

Following a week-long trial, a jury of nine men and three women returned their guilty verdict after just 30 minutes.

Maidstone crown court heard that in May 2008 Basi applied for a re-mortgage of £504,519.

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The jury was also told he denied completing the income section of the form, although he agreed he had signed that declaration.

He claimed a third party completed this section without his knowledge.

Judge Griffiths-Jones adjourned sentencing until a later date, yet to be confirmed.

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