Dai-ichi Life Ex-Employee Suspected of Theft: Japan Times

A former employee of Dai-ichi Life Insurance is suspected of fraudulently acquiring about 38 million yen ($334,000) from an elderly customer, The Japan Times reported.

The insurer’s announcement came on top of a series of scandals involving the company since last year, including the alleged fraudulent acquisition of more than 1.9 billion yen by another former employee.

Read the full report: The Japan Times.

SEE MORE:

China Probes Insurance Fund Use In Real Estate To Curb Risk

India’s Life Insurance Corp Valued At $150bn Ahead Of IPO: Mint

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.