Christine Jiaxin Lee, 21, The Malaysian-born, Australian resident was arrested last Wednesday after authorities were informed that she fraudulently withdrew $4.4million (US$3.2million, £2.2 million) from her Westpac bank account after a glitch in the system gave an unlimited withdrawal limit.
When Christine, the chemical engineering student, was arrested she was charged with dishonestly obtaining financial advantage by deception, and knowingly dealing with the proceeds of crime, reported by The Sydney Morning Herald.
Christine opened her bank account with Westpac in August 2012, when she was 17. Mistakenly the bank gave Christine and unlimited overdraft limit and over the next four years she did what every student does, spend, in total she withdrew $4,470,224.37.
Christine allegedly spent $1million of her obtained money on handbags the other $3million cannot be found. She was caught by the police at the airport trying to catch a flight to Malaysia with an emergency passport supplied by the Malaysian government.
The Australian court system is tasked to find out if Christine is guilty of a crime or is it the banks own fault. The judge, Lisa Stapleton decided to release christine on bail, as she has been conflicted on whether she is actually guilty of any crime in the fist place