SINGAPORE: An insurance agent stood trial on Monday for giving about S$103,000 worth of bribes in a scheme involving an Indonesian embassy official in return for accreditation to sell "lucrative" bonds for maids.
The corruption trial involving up to S$124,619 began on Monday , with the prosecution saying the arrangement was"clearly corrupt".Abdul Aziz Mohamed Hanib and Benjamin Chow Tuck Keong at the State Courts on Nov 21, 2018. The exchange of money for favouring certain insurance companies allegedly occurred after the Indonesian embassy in Singapore made it compulsory from Feb 1, 2018 for all local employers hiring maids from Indonesia to buy a performance bond.
This the prosecution said was"clearly a lucrative business for general insurers if they received accreditation from the Indonesian embassy, as they could collect a S$70 premium for each performance bond issued in respect of an estimated 120,000 Indonesian FDWs in Singapore". This includes about S$21,000 paid to Aziz over 10 occasions, S$71,000 to Agus over eight occasions, as well as S$5,300 each to Yong and another intermediary. He kept about S$21,000 in commission for himself.
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