Two Filipinos were arrested in Hong Kong after trying to withdraw $10 billion from an HSBC branch using fake documents.
The suspects were identified as Ramon Revillosa Jr., 68, and a 38-year-old woman who identified herself as a lawyer. According to the report, they used the fake capability letter, guarantee letter, and certificate of balance of the Hong Kong and Shanghai Banking Corp. to collect the money on February 10.
Revillosa, said to be a businessman, was denied bail by Principal Magistrate Don So on February 20. Another hearing for his bail is scheduled for February 27. If found guilty, he could face up to 14 years in prison.
So also denied Revillosa's request to get his personal belongings to contact his family in the Philippines and raise money for bail.
Aside from the two Filipinos, the police arrested three other suspected accomplices—a Malaysian man, a Taiwanese man, and a woman who used Hong Kong and Macau travel permits to enter Hong Kong.
The Philippine Consulate General in Hong Kong reported the incident, but the identities of the two Filipinos have not yet been released.
