Bank of Singapore uncovers misuse of medical benefits; fires some employees

SINGAPORE — The Bank of Singapore has conducted a wide-ranging investigation into the misuse of medical benefits by staff who made claims for ineligible items such as bird's nest, sources have told CNA.New: You can now listen to articles.

BOS, the private banking arm of OCBC Group, launched an investigation last year into employee medical claims involving one of its company panel clinics, the sources said. The article by eFinancialCareers said that BOS had sacked up to 40 employees last week after an investigation of past medical claims. A source with knowledge of the matter corroborated that number to CNA and confirmed that the dismissals occurred over two days last week.According to those who spoke to CNA, the matter had been brewing within BOS for some time, with those involved being called to disciplinary hearings which lasted “a few months”.

The list of claimable items, which CNA has seen, includes outpatient consultation and medication issued by a general practitioner or specialist, non-aesthetic dental services, vaccinations, X-rays and blood tests.

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Bank of Singapore uncovers misuse of medical benefits; fires some employeesClaims were made by employees for items such as bird’s nest and skincare products, which are not covered under the bank’s medical insurance scheme.
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