Veteran Jailed Over Fake HK$5 Billion Bonds
SingTao · 1 SOURCESabout 3 hours ago4 MIN
Summary
A 74-year-old mainland Chinese veteran was sentenced on September 16 to two years’ imprisonment after pleading guilty to using false instruments at a Standard Chartered branch in Mong Kok on April 22, 2025. The court heard he presented 1,995 purported bonds, each with a face value of HK$500 million, and said the funds would be used for veterans’ welfare through a company account
Key Points
- Defendant Jin Junxue (靳俊学), 74, admitted using false documents at Standard Chartered, 3/F, 617-623 Nathan Road, Mong Kok, on April 22, 2025
- The documents comprised 1,995 purported bonds allegedly issued by “Hong Kong International Monetary Company”, each stating a face value of HK$500 million
- Acting District Judge Keith Kei Si-wai (祁士偉) said the bonds and related papers contained absurd, obvious errors, showing the defendant knew they were false
- A branch manager noticed the trio had no appointment, examined the papers, found the print quality poor, and then alerted police
- Police said the defendant claimed he wanted to cash the bonds, deposit proceeds into a company account, and use the money for veterans’ benefits
Why It Matters
The case shows how frontline bank staff can act as an early safeguard when suspicious documents are presented, even where no financial loss is ultimately suffered. The sentence also indicates the court treated the attempted use of obviously false financial instruments as a serious offence despite the defendant’s age and the failed outcome