ATTORNEYS representing fraud suspects Carlos Hill and his brother, Bertram Hill, have filed a petition in the Supreme Court where they hope to this week secure bail for their clients, following their unsuccessful bid in the Half-Way-Tree Resident Magistrate's Court two weeks ago.

The lawyers are now waiting for a date to make the in-chambers bail applications.

The Hill brothers were denied bail when they appeared in court on April 17.

Carlos Hill, former head of the failed informal investment scheme Cash Plus Ltd, was denied bail as the court felt he was a flight risk and that he may interfere with the ongoing investigations into his alleged fraudulent activities involving billions of dollars loaned to his scheme.

Peter Wilson, the chief financial controller of the crashed entity, who is jointly charged with the Hills, was granted bail in the sum of $5 million when he appeared in court with the men. The suspects are to return to the Half-Way-Tree RM Court on May 14.

Hill and his brother, who the police said was a Cash Plus director, were arrested at Carlos Hill's upscale Norbrook, St Andrew home during an early morning raid by the police on Thursday April 10. Wilson was arrested that same evening. The men were then slapped with fraud related charges the following week - Monday, April 14 - and hauled before the court three days later.

Following the arrests, the police revealed that some US$7 billion in financial institutions across the globe and several companies have been traced to the Cash Plus boss, who had been unable to repay lenders despite setting several date to do so.

The police said that more time was needed to determine if any money was in the accounts traced to Carlos Hill, from which payments would be made to the 40,000 disgruntled lenders to his scheme.

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