News Desk : dhakamirror.com
The Bangladesh Competition Commission has fined Kazi Farms Group and Saguna Food and Feeds on charges of market manipulation causing abnormal rise in broiler chicken prices.
BCC officials said that the companies must deposit the fine amount to the BCC within 10 working days.
If they fail to deposit the fine amount within time they must have to be paid an additional of Tk 1 lakh for a single day.
However, companies are allowed to submit a revision application to the commerce ministry, they said.
On September 22, 2022, the commission sued Kazi Farms Group MD, Saguna Food and Feeds director, Alal Poultry and Fish Feed MD/CEO, Nourish Poultry and Hatchery director, Paragon Poultry MD, and CP Bangladesh president for illegally hiking the price of eggs in the market.
The BCC had filed cases against 44 companies and individual traders on charge of manipulating the market by abnormally increasing prices of essential commodities on the same day.