Indo-Malaysian NGO president gets bail in insurance fraud case

Kuala Lumpur, June 11 (IANS) Malaysian Indian Youth Council president Reghu Devan Lopez was granted bail on Thursday in Penang state in a case pertaining to insurance fraud charges.

Lopez, 36, a former insurance agent, was charged with cheating the insurance company, American International Assurance (AIA) between January 2009 and March 2010, The Malaysian Star reported.

He used 14 cheques totalling 907,000 Malaysian Ringgit — around $242,000 — as premium paid by one of his clients for insurance policies under the name of 46 fictional individuals.

As a consequence, he received a commission of 253,830 Malaysian Ringgit ($67,880) from AIA.

The Malaysian Indian Youth Council, set up in 1991, is the largest Indian youth-based organisation in Malaysia with over 300 branches across the country.

Lopez has been president of MIYC since 2012.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here