Property investor charged with fraudulently obtaining millions of dollars in home loans

PHOTO: The SFO has accused a group of property investors of deceiving banks into providing them with loans to buy mostly Auckland property. Getty Images

A property investor charged with fraudulently obtaining millions of dollars in home loans has pleaded guilty in Auckland.

The Serious Fraud Office alleged Viki Cotter and three others deceived banks into providing them with loans for the purchase of residential properties in Auckland.

Ms Cotter entered guilty pleas to four charges of ‘Obtaining by deception’ at Auckland District Court today. She will reappear for sentencing on 12 October.

The remaining defendants, Bryan Martin, Sian Grant and Joshua Grant, are next due to appear in court for trial on 29 August.

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