He is also prohibited from carrying on business as, and from taking part in the management of, any insurance intermediary under the Insurance Act 1996.
The Monetary Authority of Singapore (MAS) has issued eight-year prohibition orders (POs) against former Great Eastern Life Assurance representative Selvarajulu Subramaniam for cheating offences.
Under the POs, Selvarajulu is prohibited from providing any financial advisory services, and from taking part in the management, acting as a director, or becoming a substantial shareholder, of any financial advisory firm under the Financial Advisers Act 2001, said MAS in a press release.
