Two Filipinos were arrested in Hong Kong for attempting to withdraw $10 billion from a bank using fake documents.
One of the suspects is a 68-year-old senior citizen, accompanied by a 38-year-old woman who introduced herself as a lawyer.
According to a report from the Philippine Consulate General in Hong Kong, the two suspects allegedly presented a forged capability letter, a guarantee letter, and a certificate of balance from the Hong Kong and Shanghai Banking Corporation to facilitate the massive withdrawal.
In addition to the two Filipinos, authorities also arrested three alleged accomplices—a Malaysian, a Taiwanese, and a Chinese national.
The court initially denied the bail request of the two Filipinos, but another bail hearing is scheduled for February 27.
If found guilty, they could face up to 14 years in prison.
The consulate has yet to release the identities of the suspects.
