Charn Sze Choong was a claims assessor at the insurance firm from 2017 to 2021.
SINGAPORE – A claims assessor with Prudential Assurance Co Singapore cheated the firm of around $1.9 million in total by making multiple false claims over more than two years.
A total of 17 other charges, including those linked to the remaining amount of money, were considered during sentencing.Deputy Public Prosecutor Louis Ngia said Charn’s responsibilities as a claims assessor included processing claims made by Prudential’s clients. Between December 2018 and February 2021, he used his knowledge of the firm’s internal controls and made false claims under insurance policies that did not belong to him.
But the unsuspecting administrative staff members complied with Charn’s instructions without verifying the supporting documentation. Song and Charn were friends from their national service days, and Song had acted as a “bookie” for Charn’s gambling activities. Charn would place online poker and soccer bets through Song. He would also settle his gambling winnings and debts with Song every week.
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