Car loans company, Mogo, fined Ksh. 10.85M for false & misleading loan terms
The Competition Authority of Kenya (CAK) has issued a penalty of Ksh. 10,851,473.20 to Mogo Auto Limited (Mogo) for violations of the Competition Act CAP 504. The authority found that Mogo engaged in false and misleading representation as well as unconscionable conduct towards its customers. Mogo, a subsidiary of the Eleving Group, operates across 15
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