ISLAMABAD, May 21: The Competition Commission of Pakistan has imposed Rs. 5 Million fine on British Lyceum (Pvt.) Limited for publishing a deceptive newspaper advertisement filled with exaggerated earnings projections, dubious affiliations, and unverified institutional claims which violated the provision of the Competition Act, 2010.
The advertisement in question falsely asserted monthly teacher earnings of up to Rs. 250,000, claimed a project worth Rs. 3.7 billion, and cited a questionable affiliation with Cambridge Global UK, a dormant entity. It also misleadingly suggested that high-profile educationists and technologists were part of its Board of Directors. CCP launched an enquiry following public concerns, uncovering that these representations were false, misleading, and unsubstantiated. Consequently the Commission imposed a penalty of         Rs. 5 Million for deceptive marketing practices under Section of the Competition Act, 2010.
While British Lyceum withdrew the misleading advertisement shortly after it became aware of the CCP’s inquiry, which approach was considered as one of the mitigating factors in determining the quantum of penalty by the Commission; on the other hand, the Commission noted aggravating factors, including the company’s submission of improper, unsigned financial statements and its listing by Security and Exchange Commission of Pakistan as amongst the entities suspected to be engaged in unauthorized activities.
