A LAWYER pleaded guilty yesterday to being part of an elaborate housing scam that cheated banks out of almost $700,000.

David Tan Hock Boon, 40, became the fourth person convicted in connection with the plot, which also involved David Rasif, Singapore's most famous fugitive lawyer.

A district court heard that Tan conceived a scam in 2003 to swindle banks and the Central Provident Fund (CPF) Board by falsely declaring the purchase prices of properties.

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