According to the report, Christine Jiaxin Lee, 21, was charged with dishonestly obtaining financial advantage by deception and knowingly dealing with the proceeds of crime at the Downing Centre Court in Sydney.

It was previously reported that Lee had received the money after it was mistakenly transferred to her Westpac bank account as an unlimited overdraft in August 2012.

Lee, who is a chemical engineering student, allegedly made numerous withdrawals amounting to some A$4.6 million between July 2014 and April 2015.

She has been accused of going on a shopping spree, but claimed she believed the money had been transferred to her by her parents.

In April last year, the bank realised the error and called Lee to demand that she account for the money she withdrew.

In May, Australian authorities arrested Lee when she attempted to fly back to Malaysia.

Lee’s lawyer Hugo Aston said he was confident his client would be acquitted and added that Lee’s family had also come from Malaysia to support her.