Six people have been charged with a combined 61 offences linked to an alleged mortgage fraud scheme following a filing by New Zealand's financial regulator in the Manukau District Court.
According to a report by 1News, the case was brought by the Financial Markets Authority (FMA), which said the alleged offending strikes at the integrity of the country's lending and financial systems.
FMA Executive Director of Response and Enforcement Louise Unger said mortgage fraud remains a major area of concern for the regulator.
"Mortgage fraud is one of our key regulatory priorities. The FMA is taking this action to both hold those responsible to account and to deter others from engaging in similar conduct," 1News has quoted.
The charges were recently filed in the Manukau District Court, although details of the allegations remain limited due to court-ordered suppression.
The FMA said suppression orders are currently in place, and it is unable to provide further comment on the matter at this stage, as quoted by 1News.
The case is expected to proceed through the courts in the coming months.