Chunghwa Post said Tuesday that it had caught an employee collecting money for single-payment insurance policies, a product that Chunghwa Post doesn't offer. Since 2009, the employee surnamed Chang has allegedly collected lump sum payments for insurance policies from about 300 customers for 800 policies. Chang used the payments to make monthly payments on insurance policies on his customers' behalf, according to an internal probe. At present, NT$400 million in monthly payments have yet to be made, she said, adding that an investigation into Chang's accounting was underway. She said Chunghwa Post had sent staff to explain the situation to Chang's policyholders and to cancel their "contracts" with a full refund.

Source: The China Post July 25, 2017 06:22 UTC