Ex-AIA agent pleads guilty in US$5.06m case

[SINGAPORE] A former AIA insurance agent has pleaded guilty to four charges of fraud and cheating, including using forged documents to dupe an elderly businessman into buying a bogus AIA Thank You insurance policy for US$5.06 million.

Sally Low Ai Ming, 37 faced a total of 19 charges - four for cheating, 11 for fraudulent use of forged documents and four under the Corruption, Drug Trafficking and other Serious Crimes (Confiscation of Benefits) Act.

Low, who initially claimed trial, pleaded guilty yesterday to two charges of cheating, one charge of fraudulent use of forged documents and one charge of moving crime proceeds to a bank account in Hong Kong. The remaining 15 charges were taken into consideration. Low, who has been made a bankrupt, is scheduled to be sentenced on Dec 18.