Insurance fraudster sentenced to jail term and caning

Insurance manager embezzled funds from claims for the death of a married couple

Insurance fraudster sentenced to jail term and caning

Insurance News

By Gabriel Olano

An insurance manager has been sentenced to three months in prison and seven lashes of the cane on two counts of insurance fraud worth MYR805,000 (US$181,000) in connection to the deaths of a married couple.
Forty-three-year-old Aidy Syukri Yahya, business manager of the Kuantan branch of Takaful Malaysia, pleaded guilty to both charges and was sentenced by magistrate Noor Zaihan Mohamad Ali.

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For the first charge, Aidy Syukri admitted to defrauding Syarikat Takaful Malaysia Berhad of MYR402,500 (US$90,900), in connection to the death of Mohd Shafiee Ngah, 49. He is said to have funnelled the money into the account of Syarikat TM Asset Management, which he owned.
Aidy Syukri also admitted to a similar offence, claiming life insurance for Norhazaimi Abd Wahab, 47, Mohd Shafiee’s wife. The insurance company was also misled into transferring the money to the company account of the accused.
Mohd Shafiee and Norhazaimi both died in a car accident near Rompin at Jalan Kuantan-Johor Bahru on January 22.

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