The President of the Polish Office of Competition and Consumer Protection, Tomasz Chróstny, has levied fines amounting to 4,211,000 zloty against HRE Investments and nine of its affiliated companies. The penalties stem from the companies' failure to respond to information requests made by the authority during an investigation into practices that violate collective consumer interests.

Each company involved delayed in providing the necessary information and documents, ultimately submitting them late. The President emphasized the importance of cooperation with the authority, stating that ignoring requests can lead to financial penalties of up to 3% of a company's turnover.

The fines imposed on individual companies within the HRE Investments group include significant amounts, with HREIT S.A. facing the largest penalty of 3,200,000 zloty. Other companies received varying fines, reflecting their level of non-compliance.

These decisions are not yet final, as the companies have the right to appeal to the Court of Competition and Consumer Protection. The ongoing scrutiny of HRE Investments is part of a broader effort by the authority to eliminate practices that infringe on consumer rights and competition rules.

Previously, the President of the authority had taken action against HRE Investments, issuing fines related to misleading consumers about the risks associated with investing in development projects. The authority continues to warn consumers about the potential risks of alternative investments, providing resources on its website for further information.