The Financial Services Authority landed the furniture retailer Land of Leather with a £210,000 fine yesterday, claiming it put almost 60,000 customers at risk of buying insurance which was totally unsuitable for their needs.
Leather Industries of Uganda Ltd has lost close to Shs420 million in revenue since its closure by the National Environmental Management Authority about two months ago. And the loss continues to accumulate as the tannery remains closed.
Sofa retailer Land of Leather has been fined £210,000 by the Financial Services Authority for improperly selling payment protection insurance (PPI). The firms's chief executive Paul Briant was also personally fined £14,000 for failing to properly oversee the sale of PPI by the firm.
Sofa retailer Land of Leather and its chief executive have been fined by the Financial Services Authority for putting people at risk of being mis-sold Payment Protection Insurance.
LONDON (Reuters) - The Financial Services Authority said on Monday it fined furniture retailer Land of Leather and its chief executive for improperly selling payment protection insurance.
