SINGAPORE: Amid increasing reports of fraudulent traffic accidents, the Commercial Affairs Department (CAD) has warned that cases of motor insurance fraud are usually linked to large-scale crime syndicates.
Head of the insurance and specialised fraud branch, Superintendent of Police Abdul Rani Abdul Sani, said many are lured into getting involved without knowing the “severe” consequences they face.
The syndicates stage accidents and trick individuals into submitting fraudulent claims using their name. Ultimately, the costs of such claims will be borne by motorists in the form of higher insurance premiums.
“The public should know what’s happening so they don’t easily get conned into joining such activities,” Supt Rani added.
http://www.fisca.sg/ArticleDisplay.aspx?ID=540
Head of the insurance and specialised fraud branch, Superintendent of Police Abdul Rani Abdul Sani, said many are lured into getting involved without knowing the “severe” consequences they face.
The syndicates stage accidents and trick individuals into submitting fraudulent claims using their name. Ultimately, the costs of such claims will be borne by motorists in the form of higher insurance premiums.
“The public should know what’s happening so they don’t easily get conned into joining such activities,” Supt Rani added.
http://www.fisca.sg/ArticleDisplay.aspx?ID=540
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