Seven charged over €1m BoI mortgages fraud

Seven people were arrested yesterday on different charges related to an alleged mortgages fraud amounting to a total of almost €1m against Bank of Ireland.

The investigation by the Garda fraud squad at Anglesea Street in Cork relates to six properties in various parts of counties Cork, Tipperary and Kerry between 2009 and 2011.

One man faces charges in respect of all six properties, where the total amounts to €970,000, a second accused faces charges related to two of those houses and each of the five other defendants faces charges in respect of one of the properties.