As part of the deal, Yeung also agreed that BIHL would pay around PS160,000 as an '
accommodation loan' so Pannu could buy a property in the UK and he also approved the payment of 'reasonable expenses'.
The statement also claimed that during the search, "incriminating evidence" was unearthed pertaining to modus operandi establishing the introduction of
accommodation loans by the group, which have been found to be bogus.
In addition, company maintained accommodation would go some way towards incentivising staff (or, alternatively, the offering of housing
accommodation loans or allowances), particularly against the backdrop of ever increasing rental and real estate in the UAE.
As for mortgages, the Directive will cover consumer credit plus a mortgage but standard
accommodation loans continue to be excluded from the scope of the Directive;