Ex-insurance director in court for alleged $4.4m signing fee fraud
2015-3-12
A former district director of an insurance company appeared in the Eastern Magistracy today (Thursday) after being charged by the ICAC for allegedly defrauding the company of a signing fee amounting to over $4.4 million with false income-proof documents.
Johnny Wong Chou, 43, former district director of American International Assurance Company (Bermuda) Limited (AIA), now known as AIA International Limited (AIA International), who was charged on Tuesday (March 10), faced one count of fraud, contrary to Section 16A of the Theft Ordinance.
No plea was taken today. Magistrate Mr So Wai-tak transferred the case to the District Court for plea on March 31 this year.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offence.
Prior to joining AIA, the defendant worked in another insurance company, Manulife (International) Limited (Manulife), as a district director.
The charge alleged that between December 1, 2010 and May 20, 2011, the defendant falsely represented to AIA that three statements of agent’s account and a notification of remuneration accurately recorded the income during his employment with Manulife in four periods respectively.
It was alleged that with intent to defraud, the defendant induced AIA to release a signing fee amounting to over $4.4 million to him, resulting in benefit to him or prejudice to AIA.
The defendant was granted cash bail of $100,000. He was also ordered not to interfere with prosecution witnesses.
AIA International and Manulife had rendered full assistance to the ICAC during its investigation.
The prosecution was today represented by ICAC officer Bonnie Mak.
Johnny Wong Chou, 43, former district director of American International Assurance Company (Bermuda) Limited (AIA), now known as AIA International Limited (AIA International), who was charged on Tuesday (March 10), faced one count of fraud, contrary to Section 16A of the Theft Ordinance.
No plea was taken today. Magistrate Mr So Wai-tak transferred the case to the District Court for plea on March 31 this year.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offence.
Prior to joining AIA, the defendant worked in another insurance company, Manulife (International) Limited (Manulife), as a district director.
The charge alleged that between December 1, 2010 and May 20, 2011, the defendant falsely represented to AIA that three statements of agent’s account and a notification of remuneration accurately recorded the income during his employment with Manulife in four periods respectively.
It was alleged that with intent to defraud, the defendant induced AIA to release a signing fee amounting to over $4.4 million to him, resulting in benefit to him or prejudice to AIA.
The defendant was granted cash bail of $100,000. He was also ordered not to interfere with prosecution witnesses.
AIA International and Manulife had rendered full assistance to the ICAC during its investigation.
The prosecution was today represented by ICAC officer Bonnie Mak.