AIA Group Limited 友邦保險控股有限公司

MPFA disqualifies Jordan Chu Jun En, ex-AIA, for 20 months
MPF Schemes Authority, 31-May-2023
At a roadshow in Mei Foo, he approached an MPF holder and told her he was conducting a questionnaire in return for a HK$50 supermarket voucher. She signed forms not realising they were to transfer her MPF funds to AIA. He then got someone else to impersonate her to get her account details from the original MPF trustee.
Senior District Director of insurer AIA charged with accepting HK$360k luxury gifts from down-liners for clients
ICAC, 9-Dec-2022
Two Hermes handbags purportedly worth over HK$160k each and a Bvlgari necklace - but she's not accused of poor taste. Once again, the takeaway for life insurance clients should be "insurers can afford such large commissions out of my money - so why am I buying this"?
2 ex-AIA insurance agents sentenced for HK$700k commission and compensation fraud
ICAC, 5-Aug-2022
Ex-AIA insurance agents admit HK$700k commission and compensation fraud
ICAC, 15-Jul-2022
14 months' jail for ex-AIA District Manager for fraud over signing fee
ICAC, 12-May-2022
Ex-AIA District Manager guilty of fraud over signing fee
ICAC, 28-Apr-2022
She received a signing-on fee of HK$860k by inflating her income at the previous insurer by HK$1.5m. We note that signing fees and high commissions are a common practice in this industry, in which salespeople are not so much selling you a product as selling you to the insurer.
Ex-AIA District Director gets 30 months for HK$4.4m signing fee fraud
ICAC, 17-Nov-2016
Ex-AIA District Director guilty of HK$4.4m signing fee fraud
ICAC, 28-Oct-2016
Ms Shek Wai Yan, of AIA, suspended for 2 months
MPF Schemes Authority, 11-Aug-2016
She was earlier convicted and fined HK$9,200 for making a false and misleading statement to the MPFA to obtain account information without an MPF member's authorisation. She appealed against being named by the MPFA in a press release; the appeal was dismissed and she was ordered to pay HK$10k of costs, much less than the MPFA had asked for, as the Appeal Board "finds it difficult to accept the requirement for counsel's attendance in this case".
Ex-AIA, AXA insurance agents in court for alleged HK$450k fraud
ICAC, 31-Dec-2015
Ex-AIA District Director in court for alleged HK$4.4m fraud
ICAC, 12-Mar-2015
AIA/SCB trio in court for alleged insurance policy and commissions fraud
ICAC, 17-Apr-2014
AIA (1299): Barry Cheung Chun Yuen resigns as INED
Company announcement, 26-May-2013
"in order to attend to other commitments".
CE accepts Barry Cheung's resignation from public service positions
HK Government, 24-May-2013
"on the grounds that Mr Cheung is under police investigation". Mr Cheung remains an INED of AIA (1299 and Rusal (0486). He is also Chairman of Harrow International School HK, amongst other things.
Winnie Shum Ngo Sheung v Stella Tsoi Yan Wah
HK District Court, 28-Dec-2012
A spat between two insurance agents who have worked their way through MassMutual, then AIA and on to Manulife in the course of 6 years.
Woo/Wheelock's dealings
Using a tool on Webb-site, we find that Wheelock group (0020) or its controlling family have built a holding over 2% of Sun Hung Kai Properties Ltd (0016) worth HK$6bn, as well as a $1bn position in fashion chain Prada (1913) and trading positions in Cheung Kong (0001) and its associate Hutchison Whampoa (0013). (8-Nov-2012)

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