“The entire system of conveyancing is premised on formal documentation and proper processes. In a typical conveyancing transaction, the solicitor is involved at many stages of the process – conducting a title search, executing the sale and purchase agreement, lodging a caveat, and eventually executing the transfer… especially since he or she is entrusted with the fundamental duty of protecting the consumer’s interests by ensuring that the proper procedures are observed throughout the legal conveyancing process”
Lawyer Fined $6,000 for Falsely Certifying Mortgage Document
Singapore – 55-year-old Kanthosamy Rajendran, a lawyer, was ordered by the district court on Tuesday (26 July) to pay a fine of $6,000 for falsely certifying that he had witnessed the execution of a mortgage for a home, reported The Straits Times.
Pleading guilty to two charges under the Land Titles Act, he was fined $3,000 for every count.
The court heard that Kanthosamy and his firm, Relianze Law Corporation, was contacted by United Overseas Bank (UOB) on 27 March 2013 to act as their solicitors in the mortgage of a Sunshine Residence unit in Lorong K Telok Kurau.
The bank handed over two letters — one stated that the bank offered Wan Yi Yang a $584,000 housing loan for the property, while the other stated that Wan had allegedly accepted a housing loan and was requesting the law firm to act for him.
On the bank’s instructions, Kanthosamy acted for both the purported mortgagor, Wan, and the mortgagee, UOB, in the conveyancing transaction that was completed on 20 May 2013.
However, Wan made a police report on 1 July 2013 stating that the Inland Tax Revenue Authority sent him a property tax notification informing him of the transfer of the Sunshine Residence home to his name on 21 May; he alleged that he had not bought the property.
At least the people in Singapore understand the importance of property records…