TOKYO (TR) – Sony Life Insurance introduced on Friday that three of its gross sales representatives defrauded prospects out of almost 55 million yen, with one worker blowing the stolen money on nightlife and leisure, reviews the Sankei Shimbun (Sep. 11).
The sprawling monetary scandal has prompted the Financial Services Agency (FSA) to think about launching an on-site inspection of the most important insurer beneath the Insurance Business Act.
According to Sony Life, a male gross sales worker in his 50s stationed at a Chiba Prefecture department bilked 13 prospects out of 33 million yen between July 2023 and April 2024. The man tricked his victims by soliciting bogus investments in unlisted shares. The firm had already flagged the person in August after discovering he had beforehand defrauded a buyer of 1 million yen.
The inner probe revealed a wider sample of corruption. Another salesman in his 50s on the similar Chiba department pocketed a complete of 9.2 million yen. Meanwhile, a consultant in his 40s at a Hyogo Prefecture department scammed shoppers out of roughly 12.7 million yen, which he spent on private leisure.
In addition to the 54.9 million yen systematically swindled by the trio, the corporate discovered that two staff — together with one of many fraudsters — improperly acquired an additional 5.5 million yen.
The FSA beforehand issued an order in April requiring Sony Life to submit an in depth report on its inner practices and has been conducting hearings into the matter. As the complete scale of the misconduct involves gentle, the federal government watchdog is now making ready to escalate its probe.