Sony Financial Group Inc. [8729.T]
TOKYO, Apr 24 (Pulse News Wire) – Sony Financial Group Inc. (8729.T) disclosed today that its subsidiary, Sony Life Insurance Co., confirmed fraudulent activities involving agents.
Approximately 30 customers have reported suspicious monetary transactions related to these cases. As a result, the company decided to discontinue its exclusive agency system and is conducting thorough investigations into customer complaints. The company stated that the impact on consolidated earnings remains undetermined but will disclose further findings based on ongoing investigations.
The progress of these actions will be updated by May-end. In response to these incidents, Sony Life Insurance has implemented several measures to prevent future fraud, including enhancing internal controls, revising employee reward systems, and promoting a culture of compliance. The company emphasizes its commitment to protecting customers and restoring trust among stakeholders.
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