Bank Mistakenly Deposits $10M & NZ Couple Go on the Run

Posted by John B. Frank Thursday, May 21, 2009

A bank in New Zealand mistakenly deposited NZ$10m (£3.85m) – 1,000 times the requested amount – into a NZ couples business bank account.

The temptation to not be honest apparently was too much. After withdrawing NZ$6m the couple disappeared from a service station they ran inRotorua, about 150 miles south of Auckland. According to Media in the country suggested they may have fled to Korea or China, and police have asked Interpol for help.

Thebank, Westpac, which has reportedly recovered NZ$4m, said it was"pursuing vigorous criminal and civil action to recover the sum ofmoney stolen". TheNew Zealand Herald reported a bank spokesman as saying human error wasresponsible for the mistake and that the bank was reviewing itsprocedures. The paper named the couple as Leo Gao and his girlfriendCara Young.

Continue Reading at "The Guardian"

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