An ex-AIA agent has been charged for allegedly selling a fake US $5 million ‘AIA Thank You’ policy to a semi-retired businessman in November 2002, reports the May 11th 2011 edition of The Straits Times (Ex-AIA Agent Charged Over Fake $6.2m Policy). The story was first reported here.
The accused was remanded at Changi Women’s Prison last Friday after she failed to come up with the $2m bail. She was fired by AIA in September 2009.
Part of her charges, which includes cheating and fraudulent use of forged documents, was for using the money to pay for a down payment for a Sentosa Cove condo.
The lady claimed that she was just an accomplice in an elaborate scam conjured up by the businessman to defraud AIA.
The trial continues.
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