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Court fines credit company for misinformation

13:13 29/09/2011

MOSCOW, September 29 - RAPSI, Sergei Feklyunin. The commercial court on September 27 affirmed the antimonopoly watchdog's decision to fine a credit company $3,100 for misleading its clients, the court told the Russian Legal Information Agency (RAPSI) on Thursday.

The Domashniye Dengi credit company was established in 2007. It grants micro loans to the individuals through a network of agents. The company is a part of Adela Financial Retail Group.

The Federal Antimonopoly Service (FAS) found Domashniye Dengi guilty of violating the advertising law. The company spread sketchy information on credit terms that could mislead its clients.

The antimonopoly service later opened an administrative case against Domashniye Dengi and imposed a minimum fine on it. Meanwhile, the credit company challenged the resolution in the court.

The Moscow Commercial Court held against the credit company's appeal to cancel the watchdog's (FAS) June 30 decision.

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Court fines credit company for misinformation

13:13 29/09/2011 The commercial court on September 27 affirmed the antimonopoly watchdog's decision to fine a credit company $3,100 for misleading its clients.
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