CAK fines Mogo a penalty of 10.85 million for false representation in loan contracts with customers

  • | Citizen TV
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    The Competition Authority of Kenya has imposed a penalty of 10.85 million shillings on logbook loans provider MOGO Auto Limited, and mandated the company to reimburse approximately 350,000 shillings to three customers. This action comes after investigations into the company uncovered misleading and false credit payment terms