The bank identified the error in April 2015 and Lee was soon contacted by a senior manager, who demanded she return the massive withdrawals.
Lee reportedly arranged to be granted an emergency Malaysian passport when she realized the authorities were on to her. She was arrested at Sydney’s Kingsford Smith Airport as she was boarding a flight to Malaysia in May 2015.
According to senior bank officials, they were able to track down around $1 million in multiple private accounts.
“Westpac has taken all possible steps to recover its funds, including taking civil action against Ms. Lee,” a Westpac spokesman said in a statement. “The criminal charges against Lee were a matter for the Director of Public Prosecutions (DPP) and police, and we respect their decision.”
“She is happy it is behind her, and to move on with her life,” Lee’s lawyer Hugo Aston was quoted as saying. “There was no deception. It’s a very interesting case and an interesting outcome. It is obviously clear the bank should adopt better policies.”
It was not reported if the purchased items seized from Lee during the investigation will be returned to her.
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