MAS issues 8-year prohibition orders to ex-Prudential repThe Monetary Authority of Singapore has slapped a former representative of Prudential Assurance Company Singapore Limited with eight-year prohibition orders for criminal breach of trust offences.
The POs also ban Gng “from carrying on business as, and from taking part in the management of, any insurance intermediary under the Insurance Act.” “Instead of paying Prudential, Gng used the money for his expenses, which resulted in the lapse of three of his client’s policies. When confronted by his client, Gng presented a forged printout purportedly from Prudential’s website, which falsely stated that one of the lapsed policies was in force,” MAS said....there are many ways you can work with us to advertise your company and connect to your customers.
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