7 Jun 2012

Samoa NPF unable to claim insurance of stolen pension money

8:13 am on 7 June 2012

The Samoa National Provident Fund has lost an appeal against a Supreme Court decision over its claim for the insurance recovery of more than 150,000 US dollars stolen from the main office two years ago.

Over 200,000 was stolen but the police managed to recover just over 35,000 dollars.

The court of appeal has upheld the Supreme Court ruling in which the liability of the insurance company was limited to money in locked safe or money in transit.

The appeal court has also ordered for the appellant to pay costs of two and half thousand US dollars.

A former driver Tautai Fata and an ex-prisoner Sione Ta'ateo, were found guilty of stealing the money and are currently serving jail terms.