Both individuals were charged after Quek purchased an insurance policy from Manulife (Singapore) through Huang after the former sustained a leg injury in an accident. Once the policy came into force, the pair submitted a claim of $1,128.57 to Manulife for Quek’s leg injury, despite knowing that the accident had taken place before Quek applied for the Manulife policy. Manulife discovered the fraudulent insurance claim before any payout was made.
The Monetary Authority of Singapore (MAS) has slapped five-year prohibition orders (POs) each to Patricia Quek Puay Yi and Silver Huang Hsin Tian. Quek was a former representative of AIA while Huang was formerly with Professional Investment Advisory Services Pte Ltd.
The POs were issued following their convictions in the State Courts for cheating offences.
