2 Filipinos arrested in HK for trying to withdraw $10 billion
MANILA, Philippines — Two Filipinos in Hong Kong have been arrested after attempting to withdraw $10 billion from an HSBC branch using fake documents.
Ramon Revillosa Jr., 68, and a woman, 38, who claimed to be a lawyer, allegedly presented a forged capability letter, a guarantee letter and certificate of balance of the Hong Kong and Shanghai Banking Corp. to withdraw the funds on Feb. 10.
Revillosa, who claims to be a businessman, was denied bail by Principal Magistrate Don So on Feb. 20. Another bail hearing is set on Feb. 27. The offense can put Revillosa in prison for up to 14 years.
So rejected Revillosa’s request for access to his personal belongings so he can contact his relatives in the Philippines and raise money for his bail.
Apart from the two Filipinos, police also arrested three suspected accomplices: a Malaysian man, a Taiwanese man and a woman who used a Hong Kong and Macau travel permit to enter Hong Kong.
The Philippine consulate general in Hong Kong reported the incident. The two Filipinos’ identities are being withheld.
- Latest
- Trending
