Egypt – Insurance employee imprisoned for fraud
Tuesday, 08 23 2016, Category: Insurance and Reinsurance, Country: Egypt
The criminal court in Cairo in a session dated 1/8/2016 sentenced to prison for three year (A. A) who works in the production department of an insurance company and he has been suspended from his employment.
The issue is related to information obtained by the administrative supervision authority which say that he collaborated with the owner of a company in order to manipulate an issued insurance contract covering his life and where the beneficiary is a bank in order to obtain credit facilities in order to obtain material compensation.