Article published: 4:00 AM Sunday August 23, 2009
Runaway owes Westpac even more
Kara Hurring is still on the run with her partner Leo Gao, whose bank account was mistakenly credited with $10 million by Westpac in May.
Westpac's runaway millionaire owes the bank even more than the $3.6 million he skipped the country with, A report by receivers which took over Leo Gao's business have revealed he owes the bank another $647,000 on top of his stolen $3.6m.
A Westpac spokesman said the extra money was likely from other loans Gao had with the bank. Efforts to get cash back from the business have largely failed, returning just $2007 to the bank.
Source: NZ Herald Joseph Barratt
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10592623
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