Christine Lee Jiaxin a Malaysian student has been charged in a Sydney court with dishonesty offences after a bank accidentally gave her a $4.6 million Australian dollar overdraft four years ago.
Christine Lee Jiaxin was 17 years old at that time and had been living in Sydney for a year when Westpac Banking Corp made the expensive mistake in 2012 paying her an overdraft of $4.6 million Australian dollars.
The investigation began in 2012 after the bank mistakenly granted the chemical engineering student an unlimited overdraft on her account.
Police alleged that when Christine discovered the over-paid sum and decided not to notify the bank, instead she was busy spending the money on luxury items..
According to her lawyer Fiona McCarron, Christine spent around $1 million of this money on handbags, luxury goods and other transfers.
Christine was charged to court with dishonestly obtaining financial advantage by deception and knowingly dealing with the proceeds of crime.
Now 21 year old, Christine was arrested at Sydney Airport on Wednesday night as she tried to fly to Malaysia
Magistrate Lisa Stapleton granted Christine bail arguing that Miss Christine did not steal the money from the bank; she was given the kind of money “we all dream about”. The bank mistakenly gave her the money and that's not a crime.
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