Vastavam web: A company is slapped by the high court of Singapore to pay to huge compensation for defaming an employee who left the firm long back. The High Court has awarded $4.026 million(Rs.18.4Crores) to a former insurance agent after a scathing letter of reference from a previous employer cost him the chance to join the insurer Prudential. The award was for loss of earnings from the negligence on the part of AXA Life Insurance Singapore for whom the agent, Mr Ramesh Krishnan, had previously worked. Justice George Wei noted yesterday that the stands of both parties had been ;polar opposite; when it came to damages. Mr Ramesh had sought $63 million,while AXA urged he should be awarded only a nominal sum of $1. The Court of Appeal had asked the High Court to determine the damages after ruling last year that AXA had breached its duty of care to Mr Ramesh. The 47-year- old, described as best-compensated advisers had accused AXA of defaming him in 2012 when providing references on his work performance.
He lost the defamation suit in the High Court in 2015, but the Court of Appeal later ruled that AXA had breached its duty of care to him.