Accused urged 'father of concerts' to deposit $2m into account, court told Two men set up a bogus bank to try to dupe a veteran impresario out of $2 million and had tried to register it with the Hong Kong Monetary Authority two years ago, a court heard yesterday. Hair stylist Tommy Wong Chuen-lun, 48, and businessman Wang Hong-chai, 45, are charged with conspiracy to defraud. Wang and the company Pacific Asian Bank were also charged with breaching restrictions on the use of the name 'bank'. They have pleaded not guilty to the charges. Wong had been a long-time hairdresser for the alleged victim, Chan Tat-chee, known as Hong Kong's 'father of music concerts', the District Court was told. Counsel for Wang, Audrey Campbell-Moffat, told the court her client had sent a letter to the HKMA in May 2003, trying to register the liaison office of Pacific Asian Bank (PAB) in Hong Kong. But Lam Yat-keung, senior manager of the authority's licensing department, told the court his department did not have any records of the letter. Mr Lam also said that he did not have any recollection of an application document. But Ms Campbell-Moffat said: 'We say the letter has been sent and we don't understand why it was not received. But it is very important.' Prosecutor Juliana Chow told the court that Wang had tried to open a bank account with the Industrial and Commercial Bank of China in May 2003, using the name Pacific Asian Bank. Ms Chow said Wang had claimed that the Securities and Futures Commission had approved a banking licence for PAB but in fact the request had been rejected. The following month, Wang had applied to register PAB as a business, naming himself as its director. In August, Wang had also applied for an internet website account with the domain name www.pabbank.com . According to the website, the bank claimed to be chartered under Canadian law. Ms Chow told the court that in September 2003, Wong had told Chan Tat-chee that he had opened a bank. Wong had presented himself as the assistant general manager of PAB and introduced Wang as its deputy director. The pair had later offered to provide financial services to Mr Chan and asked him several times to deposit $2 million, the court heard. Since August 2003, the HKMA has received four inquiries about the status of PAB and its website. The authority made a report to police in October 2003. Mr Chan called the police after he read in a newspaper that PAB was not a licensed bank in Hong Kong. The hearing continues before Deputy Judge David Thomas today.