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Court quashes conviction of man who took rap for daughter in traffic accident

Singapore News - A 56-year-old man took the rap for his daughter after a traffic accident and was jailed for five days, after he falsely admitted he was driving the car they were in when it collided with a motorcyclist. The lie came to light when lawyers engaged by the victim to make a. Read more at www.tnp.sg ....

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Former agency leader ordered to pay $8.5 million to Prudential for mass poaching of agents

Former agency leader ordered to pay $8.5 million to Prudential for mass poaching of agents
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Ex-agency manager found liable for exodus of insurance agents

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A former top agency manager at Prudential Assurance Company Singapore breached his agency agreement by soliciting more than 200 agents and leaders to jump ship to rival insurer Aviva, the High Court has found.
Mr Peter Tan Shou Yi and his company PTO Management and Consultancy (PTOMC) were sued by Prudential for up to $2.5 billion for allegedly “surreptitiously” orchestrating a mass defection of 244 agents and leaders to Aviva subsidiary Aviva Financial Advisers in mid-2016.
The move left 70,000 policies without agents as a result.
Mr Tan provides services to Aviva through PTOMC, a corporate vehicle he owns that receives bonuses and benefits from Aviva to recruit new agents. ....

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Ex-Prudential agency manager breached agreement in soliciting mass defection to Aviva, says High Court

PTOMC is the company through which Mr Tan is providing services to Aviva.
Justice Chua Lee Ming, in an oral judgment issued on Wednesday afternoon (May 5), said that the losses that Prudential suffered is for profits that it could have earned from the departed agents from May 9, 2016, to July 23 that same year.
The assessment of losses would be calculated by UK consultancy Berkeley Research Group s chairman Richard Boulton, the judge added.
The judge dismissed Prudential s claim that Mr Tan had breached his fiduciary duty, as well as its claim that PTOMC had dishonestly assisted Mr Tan in poaching the agents and agency leaders. ....

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Man acquitted of sexually abusing stepson but jailed for stalking his girlfriend, criminal intimidation

Man acquitted of sexually abusing stepson but jailed for stalking his girlfriend, criminal intimidation
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04 May 2021 09:20PM)
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SINGAPORE: A man accused of sexually grooming his stepson over nine years to the extent that the underage boy asked for sexual acts was acquitted of all sex offences against him on Tuesday (May 4).
The 55-year-old man, who cannot be named because of a gag order protecting his stepson s identity, was convicted of two other charges of stalking his stepson s girlfriend and criminal intimidation against his wife and stepson. ....

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