Report: Bank made similar 'overdraft bungle' as in Malaysian student case


  • Nation
  • Thursday, 12 May 2016

Christine Jiaxin Lee was arrested for allegedly spending A$4.6mil (RM13.8mil) which was mistakenly given to her by a bank. Photo: Social Media

According to the Sydney Morning Herald, Westpac accidentally "set the wrong overdraft limit" on New Zealand service station owner Leo Gao in 2009. Gao then fled to an Asian country and blew away NZ$6.7mil (RM18.3mil).

The case has similarities to that of 21-year-old Christine Jiaxin Lee in Australia, who allegedly spent A$4.6mil (RM13.8mil) after Westpac unintentionally gave her unlimited overdraft after she had opened an account in August 2012.

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