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ComCom slams Forbarr over Credit Sails
Thursday 7th of March 2013
The Commission concluded that the parties involved in the promotion of the products, including Forsyth Barr and Calyon Hong Kong, likely breached the Fair Trading Act.
However, it reached a $60 million settlement with the companies instead of prosecuting as it believed this would return more to investors, many of whom are elderly.
Because Calyon is not a New Zealand company, the C...
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