N. Zealand 'runaway millionaire' arrested in Hong Kong'

A New Zealand man who allegedly fled the country after a bank mistakenly deposited millions of dollars into his account has been arrested in Hong Kong, police said on Friday.

The 30-year-old man is accused of departing for China with his partner in April 2009 after Westpac Bank accidentally placed NZ$10 million ($7.7 million) into his account, police said.

They said he was stopped by a Hong Kong border patrol on Thursday trying to enter the territory from China at Lok Ma Chau and subsequently arrested by Interpol officers on an outstanding warrant alleging theft and money laundering.

Police did not name the man but have previously identified him as Hui (Leo) Gao.

He made international headlines in 2009 when he and partner Kara Hurring went on the run after Westpac put NZ$10 million into his business account after he had requested a NZ$100,000 dollar overdraft.

The error was discovered within days but by then some NZ$6.78 million had allegedly been transferred into other accounts and the pair had left New Zealand.

Hurring returned to New Zealand voluntarily in February and will face trial next year on charges of stealing NZ$11,000 and money laundering HK$1.5 million ($192,000) in Macau.

Detective inspector Mark Loper said even after Hurring's arrest, the focus of the investigation remained on apprehending her partner.

"The arrest in Hong Kong reinforces the determination and tenacity of New Zealand police and our investigation team," he said.

Loper said the man was due to face a Hong Kong court later on Friday. He said the accused could choose to return to New Zealand voluntarily or face extradition proceedings.

Post new comment

<form action="/comment/reply/99128" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: &lt;a&gt; &lt;em&gt; &lt;strong&gt; &lt;cite&gt; &lt;code&gt; &lt;ul&gt; &lt;ol&gt; &lt;li&gt; &lt;dl&gt; &lt;dt&gt; &lt;dd&gt;</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-396f00d217991eb5c1db6b572848d991" value="form-396f00d217991eb5c1db6b572848d991" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="85414970" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>

No Articles Found

No Articles Found

No Articles Found

I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.