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GVH fines Poligrupo Ft 10 mln

The Competition Office (GVH) has fined Poligrupo Hungária Consumer Group Organizer Rt Ft 10 million for deceiving consumers, the watchdog announced.

The GVH found fault with the advertisements Poligrupo made between 2002 and 2005 to promote its consumer groups.
The company compared its offers to those of commercial banks, failing to note fundamental differences between the services, such as the fact that Poligrupo clients could potentially wait 150 months after commencing installments before receiving the amount offered, the GVH said in its ruling.