PETALING JAYA: The Public Sector Home Financing Board (LPPSA) should change its loans rule to allow the money to be released straight into the developer’s account if it is a direct purchase from the developer, said a senior lawyer. LPPSA is a statutory body established under the Public Sector Home Financing Board Act 2015 to manage the provision of housing loans to civil servants. The lawyer, who was supposed to help them secure housing loans, did not remit the money to the developer after the loans were approved. The lawyer siphoned off the money from the victims, mostly civil servants, and wrote invalid cheques to the developer instead. The Star also reported that the victims, who lost more than RM620,000, lodged at least five police reports against the lawyer.

Source: The Star December 22, 2017 21:22 UTC