Six arrested in €1m mortgage fraud probe

Six people alleged to have used false passports, P60s, and other counterfeit documentation to con financial institutions out of nearly €1m have been arrested as part of a major garda inquiry into mortgage fraud.

The Irish Examiner understands that they are part of an organised group of people who aided and abetted the withdrawal of cash from a number of financial institutions to purchase existing properties throughout Cork City and county.

Gardaí were last night remaining tight-lipped about the scam, but it is believed the four men and two women were involved in helping to organise mortgage buy-outs on existing properties in the region.