Chemical engineering students suddenly discovered in 2012 that their account with Pacific Bank had a special function of being able to overdraw indefinitely. During the 11-month period from 2014 to 2015, she fully enjoyed the privilege granted to her by the bank.
She spent 4.6 million Australian dollars to buy designer bags, fashion, jewelry, sunglasses and scarves.
When the bank discovered the problem, Li Jiaxin was immediately sued. Despite its last success in preventing Li Jiaxin from transferring more than a million dollars and withholding hundreds of designer bags and other brand-name items, Li still owes $3.5 million to the bank. Western Pacific said it was a minor mistake that caused the account`s problems.
There is no doubt that the West Pacific Bank has sent Li Jiaxin to court. Then today, prosecutors dropped Li Jiaxin`s charges. In other words, everyone will pretend that nothing has happened. Li Jiaxin`s lawyer says it is clear that banks should adopt better policies. What does it mean? Does it mean that banks should not have sued from the beginning? As for the bank to recover those brand-name bags, the bank did not disclose information.
In fact, this is not the first time in Australia. In a similar case, a man accused of taking A $2.1 million from an ATM machine was dropped.
According to Australian legal principles, we can only explain this: the mistake is caused by the bank, the bank should bear the wrong result, not the customer.
So how is such a case handled in China? in 2006 Guangzhou youth Xu Ting and Guo Anshan took advantage of the ATM fault loophole to withdraw money. May take out one hundred and seventy five thousand yuan, Guo takes out 18,000 yuan. In December 2007, Xu Ting was sentenced to life imprisonment by the Guangzhou Intermediate people`s Court in December 2007. In 2008, the Guangzhou Intermediate people`s Court retried the sentence to five years` imprisonment.
This is the news today. Can you check your Australian bank account number to see if you can overdraw it?
