Thursday, March 10, 2011

New Zealand's 'accidental millionaire' in court after two years on the run...


Two years after going on the run in Hong Kong, Macau and China a New Zealand woman described as an "accidental millionaire" has appeared in court accused of theft.

It all began with a simple keystroke error by a teller at Westpac bank, when Kara Hurring's former partner, Hui "Leo" Gao, applied for a NZ$100,000 (£45,800) overdraft for his struggling BP petrol station in the north island city of Rotorua – a tourist destination known for its geysers, hot mud pools and lakes. The hapless bank employee transformed the request into a NZ$10m line of credit through a misplaced decimal point. The teller was later fired but the damage had been done.

Westpac – lampooned as the bank that liked to say "yes" – recovered NZ$6.2m but police allege that Gao managed to move NZ$3.8m into accounts in China and Hong Kong before fleeing with Hurring and their daughter. That amount remains missing in what the New Zealand media has called the case of the accidental millionaires. More...

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