Hon Chair, it has come to the attention of the UDM that a lot of consumers have been victims to fraudulent misrepresentations done by car dealers in vehicle sales transactions. Consumers have been short-changed whereby they are invoiced for a price of a new car and end up paying such an amount whilst they receive a second hand car. A lot of our people have been victim to this and they are at the mercy of these so- called credit providers, especially banks.
I have personally received numerous complaints in relation to this matter and have made attempts to engage these credit providers who are alleged to be part of this scheme. This has not yet yielded positive results. The UDM would like to call upon Parliament through the Portfolio Committee on Finance to heed this call and attend to these serious complaints by perhaps inviting the victims and alleged perpetrators to come and answer questions in relation to this matter.
They should also look into whether there has been any contravention of the laws of the country that protect consumers, such as the Consumer Protection Act or the National Credit Act. Thank you.