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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. ....

Justice Chua , Justice Chua Lee Ming , Peter Tan Organisation , Prudential Assurance Company Singapore , High Court , Aviva Financial Advisers , Straits Times , நீதி சுய , நீதி சுய லீ மிங் , விவேகமான உறுதி நிறுவனம் சிங்கப்பூர் , உயர் நீதிமன்றம் , நீரிணை முறை ,

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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File photo of the Supreme Court in Singapore (Photo: Jeremy Long)
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. ....

Pramnath Vijayakumar , Justice Chua , Sadhana Rai , Justice Chua Lee Ming , Law Society Pro Bono Services , Institute Of Mental Health , National Service , Mental Health , நீதி சுய , சாதனா ராய் , நீதி சுய லீ மிங் , சட்டம் சமூகம் ப்ரொ போனோ சேவைகள் , நிறுவனம் ஆஃப் மன ஆரோக்கியம் , தேசிய சேவை , மன ஆரோக்கியம் ,

Drug runner's civil suit against Attorney-General dismissed

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The High Court has dismissed a civil suit against the Attorney-General, a deputy attorney- general and five prosecutors by a Malaysian drug runner who was spared the death penalty last year.
Justice Chua Lee Ming granted the defendants application to strike out Gobi Avedian s suit last Thursday, saying his claim was unsustainable.
The defendants are the office of the Attorney-General, current Attorney-General Lucien Wong, deputy attorney-general Hri Kumar Nair, deputy chief prosecutor Mohamed Faizal Mohamed Abdul Kadir, and prosecutors Tan Zhongshan, Nicholas Wuan, Chin Jincheng and Chong Kee En.
Gobi, through his then lawyer M. Ravi, had sued the defendants and deputy attorney-general Lionel Yee in November last year. The suit against Mr Yee was later dropped. ....

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