CNA: Insurance agent on trial for bribing Indonesian embassy official over maid bonds

SINGAPORE: An insurance agent stood trial on Monday (Nov 4) for giving about S$103,000 worth of bribes in a scheme involving an Indonesian embassy official in return for accreditation to sell “lucrative” bonds for maids.

Insurers who received accreditation to sell the newly introduced bonds for Indonesian foreign domestic workers stood to gain from high premiums, the prosecution said.