The company involved in the “one thousand yuan cup of olive juice” was fined 500,000 yuan and was booked for false publicity

2022-06-17 0 By

A drink shop in Shenzhen has been fined 500,000 yuan (us $1,350,000) by local market regulators for allegedly selling olive juice for 1,000 yuan a cup.According to the official website of the Shenzhen Market Supervision Administration, shenzhen Haolin Catering Co, which owns the beverage shop, was fined 500,000 yuan by the Shenzhen Market Supervision Administration’s Futian Supervision Bureau for “illegal advertising.”The penalty will be decided on January 29, 2022.The site shows, according to relevant provision, anti-unfair competition law for the goods from the operator in violation of the provisions of article 8 of this law makes a false or misleading business promotion, or through transactions to help other operators such as false false or misleading business promotion, the supervision and inspection department shall be ordered to stop the illegal act,To impose a fine of not less than 200,000 yuan but not more than one million yuan;If the circumstances are serious, he shall be fined not less than one million yuan but not more than two million yuan and his business license may be revoked.(The Paper) Daily Business news