City man held in £335,000 fraud probe

A MAN has been arrested and charged with an alleged mortgage fraud worth £355,000.

The 42-year-old was charged in relation to the alleged frauds, dating back to 2004, and summoned to appear at court at a later date.

Another man, also 42, has previously been charged with similar offences following searches last Wednesday at properties in Mortonhall Road in Blackford, Craigcrook Road in Blackhall, and Elm Row in Leith, as well as Greenfield Park in Musselburgh.

Police said the arrests were made as part of an ongoing operation into fraud and money laundering in the force area.

Detective Chief Inspector Robert Cowper said: "Money laundering provides individuals concerned with serious organised crime the opportunity to hide their ill-gotten profits.

"Lothian and Borders Police will not tolerate serious organised crime."