A National Housing Development Trust (NHDT) official has been arrested at his George Town home amidst allegations of fraud.

It is believed that the man is accused of manipulating his position of trust to sell insurance to applicants who applied to buy homes on the recently completed East End site.

The RCIPS has confirmed that an investigation has been launched into allegations of misconduct within the National Housing Development Trust

“As part of that investigation a 59-year-old man was arrested at his home in the George Town area this morning, Monday 17 October 2011. He was arrested in terms of sections 13 and 17 of the Anti-Corruption Law 2010 for breach of trust and abuse of public office, as well as suspicion of obtaining property by deception.”

Police have not named the man in question and no criminal charges have been filed in the case as yet.

It is thought that the man arrested for deception and corruption was also a UDP official and that he is one of only three remaining members of the NHDT board after several recent resignations.

A private government company, the NHDT’s mandate is to assist low-income families in home ownership.

As the investigation is currently ongoing, the police said they could not comment further on the case at this stage.

iNews now understands the man arrested is Mr Edlin Myles, Deputy Chairman of the NHDT