Recent ICAC Cases

04
Aug 2022
Ex-manager of insurance broker charged by ICAC admits referral fee fraud

A former sales manager of an insurance broker, charged by the ICAC, today (August 4) admitted at the Eastern Magistrates’ Courts that she had induced the firm into paying referral fees totalling over $19,000 to her husband by making false representations that he was the referrer of 18 insurances policies taken out by clients.

Anny Pang Wai-chun, 52, former sales manager of Cinergy Insurance Services Limited (Cinergy), pleaded guilty to seven counts of fraud, contrary to Section 16A of the Theft Ordinance. The prosecution offered no evidence to three similar charges against her.

Principal Magistrate Ms Ada Yim Shun-yee adjourned the case to August 18 for sentence, pending the defendant’s background and community service order reports. The defendant was remanded in the custody of the Correctional Services Department.

The court heard that at the material time, Cinergy was an insurance broker which assisted clients in taking out various insurance policies, including employees’ compensation, public liability and vehicles insurance. For insurance policies successfully taken out, Cinergy would receive commissions from the relevant insurance companies.

Cinergy allowed its sales managers to recruit referrers for client referral. For each successful referral, Cinergy would pay the referrer a referral fee. In April 2018, the defendant recruited her husband as a referrer.

The defendant admitted that between July 2018 and August 2020, she had falsely represented to Cinergy that her husband was the referrer of 18 policies taken out by seven policyholders. As a result, Cinergy was induced to pay referral fees totalling over $19,000 to the defendant’s husband.

ICAC investigation revealed that the above policyholders, who did not know the defendant’s husband, had only contacted the defendant in respect of their insurance applications. Had Cinergy known that the defendant’s husband had not referred those policyholders to the firm, it would not pay him any referral fees in relation to the policies taken out.

The ICAC investigation arose from a corruption complaint. Cinergy had rendered full assistance to the ICAC during its investigation into the case.

The prosecution was today represented by ICAC officer Beta Leung.

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