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VietNamNews

Life term upheld in insurance scam

Update: June, 28/2014 - 11:04
QUANG NINH (VNS)— The Appeals Court in Quang Ninh yesterday upheld the life sentence awarded to Bui Thi Thu Hang for swindling people off millions of dollars in an insurance scam.

The court also held sentences of 3-13 years in prison handed down to 16 accomplices for cheating and appropriating a total of over VND 230 billion (US$10.7 million).

After hearing leniency pleas from 13 of 17 defendants, the court decided to reduce by 1-2 years sentences awarded to eight defendants.

Defendants who had their sentences commuted include: Truong Thi Van, who will now spend 11 years in prison, Bui Thi Thuy Linh (eight years); Le Hai Yen (five years); Nguyen Thi Thanh Nha (five years); Phung Duc Hung (five years); and Hoang Thi Thu Hang (four years).

The remaining eight defendants had their original sentences upheld.

The first trial of this case was held in October 2013.

Under the original indictment, Hang, 30, a former insurance consultant in a branch of Prudential Life Insurance Company Viet Nam in Quang Ninh Province, created fake receipts and applications for various types of VIP insurance packages to sell to clients.

She and her accomplices misused the company's title and created forged documents and stamps to deceive clients.

The court ordered Hang and the 16 other defendants to return all the money they appropriated from the clients.

Hang was required to return VND211 billion ($9.9 million) and other defendants were asked to repay the rest of money.

The court also concluded that Prudential Life Insurance Company Viet Nam did not have to compensate clients because it had not directly signed insurance contracts with the clients. — VNS


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