Jail for ex-Chubbs Insurance employee who cheated company into disbursing S$11m in false claims over 7 years
The executive, 46-year-old Singapore permanent resident Suyandi, was on Monday sentenced to a prison term of 10 years and 10 months. These beneficiaries comprised Suyandi’s acquaintances or debtors whom he owed money to as a result of his gambling habit. Between Jan 5 and Oct 12, 2012, the accused sent 14 false emails to other staff members of the company which included details like the payee’s name, bank account details and amount payable, to instruct the employees to process the claim payout.On other occasions, Suyandi created false claims on the company’s computer system to dupe the company into processing such fraudulent claims and making payouts.For example, he did so on nine occasions in 2012, 62 times in 2016 and 210 times in 2017.
From March to June 2014, Suyandi also acquired S$43,600 in payments into his Citibank account or credit card, which formed part of the monies he cheated from the company.In delivering her decision, District Judge Sharmila Sriparthy-Shanaz said the case was an “elaborate scheme” of insurance fraud that spanned a long period and involved a large sum.