TV shopping firm fined $432k over smuggled goods
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A company that sells goods via TV has recently been fined, in addition to having VND9 billion (US$432,000) worth of products and cash confiscated by the People’s Committee of Ho Chi Minh City.
HCMC market management officers inspect the stock of Huu Lac Co on April 11, 2012 Photo: Tuoi Tre
Huu Lac Co Ltd, which runs a TV shopping program called New Shopping, has been selling contraband products while its director, Luu Hong Ngoc, failed to show inspectors receipts and invoices for the goods on sale.
Officers have confiscated VND7 billion worth of mobile phones, laptops, watches, cameras, and necklaces, all made in China, from the company.
This past April, hundreds of customers flocked to the company’s headquarters in Tan Phu District to return the goods and ask for refunds.
Most of them had purchased mobile phones worth around VND2 million each, and tablets for VND3 million, after watching New Shopping’s infomercials on local TV channels such as Binh Duong, Long An, Dong Nai, and cable TV stations HCTV in HCMC and HiTV in Hanoi.
Most of the products broke in less than one week of use, customers said.