"A regional representative of insurer Axa Biztosító defrauded the company of nearly Ft 2 billion over two years, Népszabadság reports. The culprit said he transferred the funds to an investor.The National Bureau of Investigation (NNI) is investigating Zsolt Sz. on suspicion of fraud and forgery of documents, following a tip-off from a lawyer.
The lawyer informed Axa about abuses committed by their regional representative, who had been employed as a freelancer.
An internal investigation revealed that Sz. offered his clients an opportunity to enrich their investments with a one-off premium payment. He told his clients to make the one-off payments through him, and had them sign non-serialised documents. The designated bank account for the payments did not belong to Axa.
Axa said it will recognise the payments on life insurance policies where the payments can be verified.
An investigation indicates that Sz. took a total of Ft 1.9 billion from his clients in 2005 and 2006. He said during questioning that he had transferred the funds to an investor, but police have been unable to find him."
Source: Hungary Around the Clock.
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14.11.2007