India’s top industrialist has been fined a staggering Rs 1.5 crore for allegedly misleading consumers on the benefits of his food products.
Gaurav Jain, co-founder of the Tata Group, is one of Indias wealthiest men, with a net worth estimated at Rs 1,100 crore.
He was fined Rs 1 lakh for the misleading advertisements and misleading advertisement in 2015.
Jain was charged for misrepresenting the quality of foodstuff products and misleading consumers about the safety of foodstuff, according to the Central Bureau of Investigation (CBI) report on the matter.
Jains company, Tata Power, was one of the largest power companies in the country, but its products have come under increasing scrutiny over safety, environmental and health concerns.
The company has come under heavy criticism for the safety and environmental impact of its products, which include a number of food and beverage items, including a variety of meat and dairy products.
Tata Power has come up with several foodstamp advertisements which have been widely criticized by the public over safety and health issues, but it has also faced criticism from its own shareholders over the quality and safety of its food products, especially the foodstuffed items.
On October 1, the company was fined $3.5 million by the CBI, which found Tata Power misleading consumers over the safety, safety of the products and health claims of its goods and services.
According to the CBI report, TataPower’s advertisements featured a series of images of a “foodstuff” being prepared in a factory, which appeared to have been taken from a commercial.
In one image, a product such as chicken or lamb was being produced, while a label for a product, such as meat, fish or poultry, was being printed on a cardboard box.
In another image, the same product was being made, while the same label was being written on a card.
In yet another image the product appeared to be a product with a logo.
The products in the images were not labelled and had no packaging and were not displayed on the packaging.
According the report, the advertisement was misleading because the product images were of “factory-made products” and the label had no information on safety.
The images of products were not printed on the cardboard boxes, which were clearly marked as products of the company.
“The advertisements are misleading because they do not mention that the product is produced in a lab,” said the CBI investigation report.
“TataPower’s foodstamps products contain various types of meat, including beef, lamb, poultry and fish, but they are not labeled with any safety information,” said an affidavit by the agency.
Tadias products were also not packaged according to quality standards, which are essential to ensure the safety (of the product) of the consumers and to protect the environment, the CBI said.
Tatas foodstacks are marketed on several social media sites, including Twitter, Facebook, Instagram, Snapchat and YouTube, as well as in print media.