£40M fraud
A group of insurance brokers at Lloyds of London has been defrauded of more than £4OM over a two-year period by an agent who is now out of the country, the “Daily Telegraph" reports. The report says some of the money has gone to Lichtenstein, which is used as a registration address by many financial and business operators. The report says that two European continental insurance brokers accepted marine insurance business from the agent in London and reinsured with the unnamed Lloyds brokers. The agent has now left Britain. — London.
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Press, 12 January 1977, Page 5
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92£40M fraud Press, 12 January 1977, Page 5
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