According to The Star, the deals involved purchases for both land and commercial property.

The lawyer is believed to have prepared fake documents when declaring the purchase amounts to the bank. This included manipulating the price in the sale and purchase agreements before submitting them for loan approvals, sources told the daily.

The transactions were said to involve several companies, for purchases ranging from RM1 million to RM9 million.

The bank lodged a police report after failing to receive any repayments from the alleged borrowers.

It is also carrying out an internal investigation, and has lodged complaints with the Bar disciplinary committee, The Star added.

Police are investigating the case under Section 409 of the Penal Code for CBT, and are looking into whether the man received assistance from parties within the bank to help speed up or approve the loans, the daily said.