Spreadsheet: 882405d1730800958-index-for-multiple-criteria-with-multiple-result-sample
Sheet: OLD DATA

 |  |  |  | Origination | Name of Signatories |  |  |  |  |  | Facility Requested |  | For Mortgage Loans |  |  |  |  | 1. Request for verification  2. With fraud intent highlighted |  |  |  | 1. Send for verification  2. With fraud intent highlighted |  |  |  | Name & Designation of EFP who detected fraud
 |  |  |  |  | Manager |  | Executive's |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Fraud Code
No | Date of Detection | Region | Branch / SME Zone Name | Channel (CSE / MC /MB / RB) | Name | PF No. | Name | PF No. | AA No. | Name of Borrower | Type of Financing | [NAME] (RM) | [NAME] | Property Location (residential area, town) | Primary / Secondary Market | Details of Fraud Elements Detected | Conclusion & Loan decision by CLPC | PO Name | PF No. | Yes/No (1) | Yes/No (2) | SRCM/RCM Name | PF No. | Yes/No (1) | Yes/No (2) | EFP Name | PF No. | x | OCISS Tag on | Ref No | SS | ERL | EPF | BS | LL | TR | EA | DI | TA | OTHERS | x | Region Reply | Police Report to GAD
1 | 2015-03-03 00:00:00 | PKP | Penang Main | CSE | [NAME] | 50306 | Lim Sze Si | 94889 | LOC3/57018/2015/2382 | Fng Ah Seng | CM Home Financing-I | 4087472.9 | Business Owner | [NAME], Puchong, Selangpr | Secondary (build then sell) | 1. Applicant with honorific title "[NAME] Fng Ah Seng, aged 54 is a Director cum shareholder of Epic Valley Holdings SB (60% shareholding / PUC RM1.180 mil) & Epic Valley Engineering SB (70% shareholdings / PUC RM750k) with reported annual income of RM1,090,648 as per Form e-BE 2013. 2. Related party transaction involved whereby applicant purchased a completed (w/o CFO) 2 1/2 storey bungalow in Puchong (Selangor) under "Build then Sell" concept from Epic Valley Holdings SB in end Jan'15. Cross border financing request is noted but cross border property value check not done upfront & PVR not imposed.  3. Loan was approved at 70% SPA price based on unknown facts. 4. Subsequent due diligence check on OMV revealed that SPA price of proffered property could have overstated for obvious reasons. Salient comment by BM Puchong Prima on 09/02/15 revealed that development within predominant Malay area & viability / saleability unknown. Indicative value provided by IVU at RM2.8 mil only (50% of SPA price). 5. Despite with the knowledge of OMV, indicated 20% - 30% higher SPA price per panel valuers and related known facts (included in-depth evaluation performed on the development); originator proceed with issuance of Letter of Offer (LO) on 11/02/15 and get it accepted by applicant on 13/02/15 without seeking higher level consultation. 6. Based on meeting / concall held on 26/02/15 & attended by related parties; the project is tagged for circumspection, PVR is imposed to salvage Bank's position and originator to revert with draft supplement LO. 7. Serious gaps and operational risks requiring Region immediate attention and investigation / action. | 1. High DSR based on income tax deduction, the strength is solely based on applicant's high profile background. Source of income generation is identified. Both companies has been in existence for > 17yrs. Strong financial information with reserves at RM54 mil for [NAME]. 2. Strong RG4, request is recommended for approval s.t. a. release of funds is after OCF is obtained OR Compliance to the defination of Completed Property as per guideline.  Comment by RCM 1. Demerit:- i- new to Maybank as FD/HP have been closed/settle however KYC established by originator. DSR @ 171.96% computed based on [NAME] B derives from penggajian (89.3%), dividend/[NAME] (10.7%)  ii Property - arm length transaction as property being developed by company wholly owned by EVHSB, though reported under prime area however not commented / disclosed - why applicant purchasing from related company - are they facing strain cash flow, development break-even sales iii- liquids assets not disclosed Business - has been in existence for 19 years, viable/profitable as reflected by active CA activities, healthy FS, applicant stature as businessman & philanthropist - titles accorded are recognition of applicants success in business and contributions towards community, support for approval per PO and further subject to:- a- Assignment of potential rental on the property to be purchased   Comment by SRSME Good risk grade of R4 and applicant's companies has been long established and profitably operated. Agreed with merits as highlighted by PO / RCM, approved as per Po / RCM. | [NAME] | 86694 | No | No | [NAME] B Mangy | 9920 | No | No | NA | NA |  |  | RIF No: 21826 |  |  |  |  |  |  |  |  |  | Suspected inflated OMV |  | 2015-03-16 00:00:00 | NA
2 | 2015-03-03 00:00:00 | PKP | Penang Main | CSE | [NAME] | 50306 | Lim Sze Si | 94889 | LOC3/57018/2015/2405 | Cheah [NAME] | CM Home Financing-I | 4038924.4 | Business Owner | [NAME], Puchong, Selangpr | Secondary (build then sell) | 1. Applicant aged 51, is Co-director & Co-sponsor of Epic Valley Holdings SB. Reportedly, in-law of [NAME] (related AA No: LOC3/57018/2015/2382). 2. Related party transaction involved in this proposal as well, whereby applicant purchased a completed (w/o CFO), 2 1/2 storey bungalow in Puchong (Selangor) under "Build then Sell" concept from Epic Valley Holdings SB in Feb'15, adjacent to [NAME] Ah Seng's purchase unit. 3. Cross border financing request is noted but cross border property value check not done upfront and PVR not imposed.   Suspected Inflated OMV 1. Cross check on OMV revealed that SPA price of proffered property could have overstated for obvious reasons. 2. Salient comments by BM Puchong Prima on 09/02/15 revealed that development within predominant Malay area & viability / saleability unknown. 3. Indicative value provided by IVU at RM2.8 mil only (50% of SPA price) and indicated 20% to 30% higher SPA price per panel valuers. 4. AA was declined based on unknown facts / risks on 24/02/15 | 1. Property purchased directly from own company, Pemaju Bandar Baru Jaya SB, whereby she is a Director with 25.37% indirect shareholding (for clarity, 100% held by Epic Valley Holdings SB) & breakdown on project sales rate not provided by originator. Disposability of property is foreseen to be difficult given its high-end status. 2. Surge in borrowings from RM5.4 mil to RM9.5 mil & contingent liabilities of RM105 mil (being a guarantor). 3. Weak RG7, not keen to support at this juncture.  Comment by RCM 1. Main concerns are comments by BM Puchong Prima Branch did not really indicate on the reasonableness of the pricing and no comparison made. 2. However, based on the nearest project in the same area, Puchong Tasik Prima [NAME] which is about 1 - 2 km.   Pricing is very much lower and yet better location as compared to this.  [NAME] is fronting the main road with land size of 7,100 sq ft with built up of 4,500 sq ft for 2 ? [NAME] is selling around RM2.5M (negotiable); source from property guru website. 3. No photo given, noted this is a 2 1/2 storeys bungalow with land area of 5,000 sq ft is selling RM5.77M appears excessive. 4. Moreover, comparison by valuer with [NAME] which is 5 km away is totally out as [NAME] with freehold title is a super prime area fronting the LDP Highway. This project is behind the lake, deeper inside near the malay village and under leasehold title; location is considered stable only.  For comparision, [NAME] is more appropriate. 5. Furthermore, the valuer does not commit on the actual base value of the property and only commented that the pricing is 20 - 25% higher; deems overpriced/overvalued. 6. Noted we have also approved the related AA under the same project by one of the directors under AA LOC3/57018/2015/2382 based on the higher SPA price. 7. In view of the above and borrower is our HNW, potential ancillary business for BB and no upfront PVR is to be furnished to ascertain on the property value. 8. Can only recommend MOA 70% (due to compliance to BNM's guidelines on LTV issue) based on lower OMV of RM2.6M or RM1.82M with all other existing terms are to remain unchanged. | Amaal [NAME] | 86550 | No | No | [NAME], Amanda | 15534 | No | No | NA | NA |  |  | RIF No: 21828 |  |  |  |  |  |  |  |  |  | Suspected inflated OMV |  | 2015-03-16 00:00:00 | NA