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Property developer pleads guilty to SFO charges

Property developer pleads guilty to SFO charges

Jan. 16 (BusinessDesk) - Property developer Glenn William Cooper, 39, has been remanded on bail for sentencing on March 8 after a Serious Fraud Office investigation into his dealings with a family with whom he built a relationship.

Cooper pleaded guilty in Manukau District Court on Wednesday to five charges of dishonestly using a document.

The charges resulted from an investigation into five property deals between July and September 2011 with members of one family.

The family members were sold properties purchased in mortgagee sales by companies associated with Mr Cooper. His interest in the properties was concealed from banks and investors and misleading loan applications were made to banks.

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