JiPuo

Saturday, May 13, 2006

Singapore: Insurance Sector Still Under Regulated

There's an insurance manager who does 'pooling' ie. he closes sales and let it b put under his agents' name.

This way, he:
a. makes the unit's performance look good
b. gets promoted
c. evades income tax

There's no way he can b found out. He gets away scot-free - laughing (at the insurance co.'s ) his way 2 the bank! Ho ho ho!

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