MAS bans former insurance agent Yeo Siew Liang James for 8 years over corruption offences

[SBFNews]

MAS bans former insurance agent for 8 years over corruption offences​

Yeo Siew Liang James was convicted of 18 counts of corruption in April 2021. PHOTO: ST FILE


SINGAPORE – The Monetary Authority of Singapore on Tuesday issued an eight-year prohibition order against a former insurance agent for corruption offences, including giving bribes amounting to almost $93,000.

Yeo Siew Liang James is not allowed during the ban to provide any financial advisory services and to take part in the management of any insurance intermediary.

From March to June 2018, the former AIG Pacific Insurance and Liberty Insurance agent gave bribes worth a total of $72,211 on eight occasions to an Indonesian embassy official as a reward for accrediting AIG and Liberty to sell performance bonds to employers of Indonesian foreign domestic workers.

Yeo also gave a sum of $21,363.30 on 10 occasions to another person for arranging with the embassy official to show favour to AIG and Liberty in the accreditation.

Yeo was convicted on April 28, 2021 of 18 counts of corruption, and was sentenced to 15 months’ imprisonment and fined $21,363.30.
Those found guilty of corruption can be jailed for up to five years, fined up to $100,000, or both.

MAS bans former insurance agent for 8 years over corruption offences​

He is not allowed to provide financial advisory services or take part in the management of insurance intermediary. Read more at straitstimes.com.

www.straitstimes.com

 

[laksaboy]

The things these insurance merchants would do to get a million dollar round table award.

 

[k1976]

MAS bans former insurance agent for 8 years over corruption offences​

Yeo Siew Liang James was convicted of 18 counts of corruption in April 2021. PHOTO: ST FILE


SINGAPORE – The Monetary Authority of Singapore on Tuesday issued an eight-year prohibition order against a former insurance agent for corruption offences, including giving bribes amounting to almost $93,000.

Yeo Siew Liang James is not allowed during the ban to provide any financial advisory services and to take part in the management of any insurance intermediary.

From March to June 2018, the former AIG Pacific Insurance and Liberty Insurance agent gave bribes worth a total of $72,211 on eight occasions to an Indonesian embassy official as a reward for accrediting AIG and Liberty to sell performance bonds to employers of Indonesian foreign domestic workers.

Yeo also gave a sum of $21,363.30 on 10 occasions to another person for arranging with the embassy official to show favour to AIG and Liberty in the accreditation.

Yeo was convicted on April 28, 2021 of 18 counts of corruption, and was sentenced to 15 months’ imprisonment and fined $21,363.30.
Those found guilty of corruption can be jailed for up to five years, fined up to $100,000, or both.

MAS bans former insurance agent for 8 years over corruption offences​

He is not allowed to provide financial advisory services or take part in the management of insurance intermediary. Read more at straitstimes.com.

www.straitstimes.com

Confirm + Chop ish a Chao sinki.... Photo big big sia

 

[Patriotmissile]

In sinki, if u don't cheat or scam u can't be rich.

 

[SBFNews]

In sinki, if u don't cheat or scam u can't be rich.

Can join the PAP and get rich. Then rent large tracts of land at Ridout and enjoy exclusive maharajah lifestyle.

 

[dredd]

Never lie, cheat, steal or offer bribes in sinkeepoo. Sure kenna punished gao gao. The gahment hates competition.

 

[Pinkieslut]

This is solid proof Sinkes commit more crimes!

 

[k1976]

In sinki, if u don't cheat or scam u can't be rich.

Bo lah... There are many sinki sons also make it big big... And becum VVVIPs

 

[k1976]

This is solid proof Sinkes commit more crimes!

Yeah.... Jiuh bad... SINKI Bad-er