2 Prudential Insurance Agents Charged for Obstructing Course of Justice During Investigation, Created False Records & Provided False Information to MAS
19th May 2022 | Singapore
2 Prudential Assurance insurance agents (Yuen Pui Leng Eunice and Tan Zhen Zhi Grace) had been charged under the Financial Advisers Act (FAA) for obstructing the course of justice during investigation, and by creating false record and providing false information to the Monetary Authority of Singapore (MAS). On 14th September 2018, Yuen Pui Leng Eunice who was notified to attend an interview with MAS for an ongoing investigation, is alleged to have caused Tan Zhen Zhi Grace (supervisor) to create false entries in Prudential coaching forms (required as supervisor), with the falsified coaching forms subsequently provided to MAS. Yuen Pui Leng Eunice had also intentionally deleted messages from her mobile phone, knowing that the information will likely be part of its investigation. Yuen Pui Leng Eunice is facing 6 charges under the FAA, and is also being charged under the Penal code. Tan Zhen Zhi Grace is facing 2 charges under FAA for wilfully making false entries in documents.
“ 2 Prudential Insurance Agents Charged for Obstructing Course of Justice During Investigation, Created False Records & Provided False Information to MAS “
The Charges
For each charge of section 85(1)(a) Ms Yuen and Ms Tan face a fine not exceeding $100,000 or imprisonment for a term not exceeding 2 years, or both. For each charge of sections 76(2) and 71I(3) of the FAA, Ms Yuen and Ms Tan face a fine not exceeding $50,000 or imprisonment for a term not exceeding 2 years, or both. If convicted of the charge under section 204A of the PC, Ms Yuen faces imprisonment for a term of up to 7 years, or a fine, or both.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
