Defendant Arrested At Border In SFO’s Complex Mortgage And Investment Fraud CaseA defendant who is alleged by the Serious Fraud Office to have been involved in an investment fraud scheme has today been arrested after returning to New Zealand. Serene Peters faces one charge of obtaining by deception related to a $1.8 million investment fraud. She has been overseas since September 2023 and was arrested at the border on her return to Auckland today. Gur Raj Singh Bhachu pleaded guilty in September 2025 to 12 charges relating to four properties involved in the alleged mortgage fraud. Francis John Peters pleaded guilty in April 2024 to three charges of obtaining credit by deception and one charge of obtaining property by deception.