Authorities in Hong Kong have arrested two Filipinos after they allegedly tried to withdraw $10 billion from an HSBC branch using fraudulent documents.
The suspects, identified as Ramon Revillosa Jr., 68, and a 38-year-old woman claiming to be a lawyer, reportedly presented forged bank documents, including a capability letter, a guarantee letter, and a certificate of balance, on February 10.
Revillosa, who claims to be a businessman, was denied bail by Principal Magistrate Don So on February 20, with another bail hearing scheduled for February 27. If convicted, he could face up to 14 years in prison. The magistrate also denied his request to access personal belongings to contact relatives in the Philippines for bail assistance.
Aside from the two Filipinos, authorities also arrested three suspected accomplices—a Malaysian man, a Taiwanese man, and a woman who entered Hong Kong using a Hong Kong and Macau travel permit.
The Philippine consulate general in Hong Kong has reported the incident, while the identities of the two Filipinos remain undisclosed.
