2004-04-30 18:28 Police today (April 30) charged three men aged between 44 and 63 with conspiracy to defraud. Investigations by the Police Commercial Crime Bureau revealed that the trio, who were holding Mainland, Taiwan and the United States passports respectively, went to a bank in Causeway Bay on April 28 with a view to certifying a Standby Letter of Credit (SBLC) valued at US$100 million. They claimed that the SBLC was issued by the Taipei Branch of the bank and they attempted to use it as a security to seek funding from other financial institutions. However, the bank confirmed the SBLC was forged and hence a report was made to the Police. The bank suffered no loss during the incident. The three swindlers were then arrested and charged today. They will appear in Shatin Magistrates' Courts tomorrow (May 1). |