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Written by: Kong Fanxu
2020-08-12 15:48
Last update date: 2020-08-12 15:48The Independent Commission Against Corruption today (12) sued a former manager of Dah Sing Bank, accusing him of deceiving a customer, buying an insurance policy before opening a bank account, and falsely claiming to the bank that the customer is owned by another customer. Referred by a manager. The defendant will plead at Fanling Magistracy this Friday (14th).
The ICAC sued a former Dah Sing Bank manager for fraudulent insurance commissions. He has been released on bail pending hearing. (Profile picture)
The defendant Wu Zhaomin (34 years old), a former financial planning manager of Dah Sing Bank, was charged with two counts, namely one fraud, violation of section 16A of the Theft Ordinance and one use of documents by an agent who intended to deceive his principal. Violation of Article 9(3) of the Prevention of Bribery Ordinance.
Dah Sing said the defendant received more than 6,500 yuan in commission
Dah Sing Bank established a partnership program with an insurance company at the time of the incident to promote the company's insurance products. Under the plan, the defendant was hired by Dah Sing Bank as a financial planning manager to promote the insurance products of the insurance company to bank customers at its Fanling branch.
Account managers of Dah Sing Bank can also refer bank customers to financial planning managers to insure related insurance products. Dah Sing Bank will approve commissions based on the quarterly performance of the account manager.
One of the charges alleged that the defendant allegedly falsely claimed to a customer on or about January 19, 2019 that the purchase of the insurance company’s insurance policy was a prerequisite for opening a company account with Dah Sing Bank and intended to defraud And to induce the customer to purchase the insurance policy, resulting in him gaining benefits or the customer suffering disadvantages. Dah Sing Bank reportedly paid the defendant a total of more than 6,500 yuan in commission for the policy.
The remaining charge alleges that the defendant allegedly falsely stated in the application for the above insurance policy on or about the same day that an account manager was a recommended employee of the application, knowingly intended to mislead Dah Sing Bank. If the account manager does not resign, Dah Sing Bank will grant a commission of more than 900 yuan for its "recommendation" of the customer.
Dah Sing Bank provided full assistance during the ICAC investigation. The defendant has been granted bail by the ICAC pending his hearing on Friday.
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ICAC
