Bank to repossess house used as a cannabis factory

BANK of Scotland has been granted repossession of a house which was used as a cannabis growing factory after its owner secured a mortgage using fake documents and a false name.

Bank to repossess house used as a cannabis factory

The High Court heard yesterday the bank had also discovered the mortgage owner — who used a fake passport to get his loan — was now being investigated by the Garda Criminal Assets Bureau (CAB).

The mortgage holder drew down the €380,000 loan for the Navan bungalow in July 2008 using fake documents, as well as a fake PPS number, the court heard. Over €406,000 is now due on the loan.

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