LG comes under MRTP scanner
Korean consumer durables giant LG Electronics India Limited’s festival offer ‘Mangal Hi Mangal’ has come under the scrutiny of the Monopolies and Restrictive Trade Practices Commission (MRTPC). The commission has restrained the Korean chaebol from releasing the gift scheme in any media vehicle, claiming that the scheme is false and inter alia it misleads the consumers. It was alleged by the director general of investigation and registration in the Ministry of Company Affairs that the advertisement was prima facie deceptive which amounts to an unfair trade practice under the MRTP Act, 1969. Life’s not that good this time for LG.
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Source: IIPM Editorial, 2006
