Indian-origin man in Singapore gets USD 2.5 Million After Insurance Company Writes A Bad Reference Letter

Nifty Future Tips
An Indian origin man in Singapore has got approximately USD 2.5 million awarded to him in damages from his previous employer after a defamatory reference letter that was based on false claims cost him his new job.

Ramesh Krishnan had accused AXA Life Insurance of Singapore of defaming him while providing references on his work performance in 2012, as per a report in the Strait Times on Tuesday.

Krishna, who had lost his initial defamation suit in 2015, this time claimed that he should get 63 million Singaporean dollars whereas AXA said that a nominal amount of 1 Singaporean Dollar could settle the dispute.

AXA in its reference letter has written that “He showed a very poor 13-month persistency rate” and “we are very concerned as to whether the clients have been provided with proper advice".

The Court of Appeal in Singapore ruled that AXA had breached its duty of care to Krishnan as his former employer. This was the reason why Prudential Assurance Company did not to hire him.

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