13 ex-insurance agents in Hong Kong plead guilty in HK$52 million fraud case
A former branch manager of an insurer and 12 ex-insurance agents pleaded guilty on Saturday to conspiring to defraud two insurance companies of HK$52 million (US$6.68 million) by making false policy applications following an investigation by Hong Kong’s anti-corruption watchdog. Lo Yin-wa, a former branch manager of FWD Life Insurance, was named as a mastermind…