30 Jan '11, 11am

China wants to fine French retail giant Carrefour S$488,070 - the maximum fine for overcharging customers.

SHANGHAI - CHINA price regulators are seeking to fine French retail giant Carrefour 2.5 million yuan (S$488,070) - the maximum fine for overcharging customers, state media reported on Sunday. Municipal regulators fined three Carrefour stores in Shanghai and two in southwest China's Yunnan province 500,000 yuan each on Saturday, the official Xinhua news agency reported. However, the final fine will be decided only after a hearing where regulators said Carrefour representatives will be able to respond to the charges, the report said. It gave no further details about the hearing. A total of 11 Carrefour stores were accused of charging more than the price they displayed on products ranging from cotton underwear and tea leaves to rubber gloves, according to reports. Three Wal-Mart stores also face fines for overcharging. Carrefour 'sincerely apologises' and has offered to refun...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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