Wiki Actu en

May 5, 2016

Australian student mistakenly receives $4.6 million from Westpac bank

Australian student mistakenly receives $4.6 million from Westpac bank

From Wikinews, the free news source you can write!
Jump to: navigation, search

Thursday, May 5, 2016

A Sydney, Australia chemical engineering student has been arrested whilst attempting to board a flight to Malaysia on Wednesday, after allegedly receiving $4.6 million from Australian bank Westpac in the form of an unlimited overdraft.

Instead of informing the bank of the error, Christine Jiaxin Lee, aged 21, went on to spend $3.3 million on luxury items, including as expensive handbags, and has been charged with knowingly dealing with the proceeds of crime and dishonestly obtaining financial advantage by deception.

Lee was granted bail on Thursday by magistrate Lisa Stapleton, who agreed that the police would have difficulty proving that the spending was illegal due to the fact that if the money was given to Lee and it wasn’t stolen, she wouldn’t have broken the law. Instead, she’d simply owe the bank the money she spent.

In the process of opening a statement account in August 2012, Westpac accidentally provided Lee with an unlimited overdraft. According to Sergeant Turner, both the bank and the police had made an effort to contact Lee after the investigation began in 2012, but she didn’t return any emails or calls.

In regards to the conditions of the student’s bail, Lee is to report to Ryde police station twice a day, live with her partner in Rhodes and also surrender the emergency passport she applied for just weeks after the warrant for her arrest was issued.

Prosecutor Marc Turner attempted to oppose Lee’s bail based on her application for an emergency passport, yet Fiona McCarron, Lee’s Legal Aid lawyer, said the application was due to Lee losing her passport and flying home to visit her family, who were allegedly unaware of the arrest.

Lee is due back in court in June.



Sources[]

This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

Australian student arrested over A$4.6 million overdraft from Westpac bank

Australian student arrested over A$4.6 million overdraft from Westpac bank

From Wikinews, the free news source you can write!
Jump to: navigation, search

Thursday, May 5, 2016

A Sydney, Australia chemical engineering student has been arrested whilst attempting to board a flight to Malaysia on Wednesday, after allegedly receiving A$4.6 million from Australian bank Westpac in the form of an unlimited overdraft.

Instead of informing the bank of the error, Christine Jiaxin Lee, aged 21, went on to spend A$3.3 million on luxury items, including as expensive handbags, and has been charged with knowingly dealing with the proceeds of crime and dishonestly obtaining financial advantage by deception.

Lee was granted bail on Thursday by magistrate Lisa Stapleton, who agreed the police would have difficulty proving the spending was illegal because if the money was given to Lee and it wasn’t stolen, she wouldn’t have broken the law. Instead, she’d simply owe the bank the money she spent.

In the process of opening a statement account in August 2012, Westpac accidentally provided Lee with an unlimited overdraft. According to Sergeant Turner, both the bank and the police had made an effort to contact Lee after the investigation began in 2012, but she didn’t return any emails or calls.

In regards to the conditions of the student’s bail, Lee is to report to Ryde police station twice a day, live with her partner in Rhodes and also surrender the emergency passport she applied for just weeks after the warrant for her arrest was issued.

Prosecutor Marc Turner attempted to oppose Lee’s bail based on her application for an emergency passport, yet Fiona McCarron, Lee’s Legal Aid lawyer, said the application was due to Lee losing her passport and flying home to visit her family, who were allegedly unaware of the arrest.

Lee is due back in court in June.



Sources[]

This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

Powered by WordPress