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Govt to sue unscrupulous traders


Published : 30 Aug 2022 10:12 PM | Updated : 31 Aug 2022 02:52 PM

The government is in a strict position to control the market, wants to reduce the price of fuel oil and withdraw duty on various daily commodities.

No more syndicates, anarchy and monopolies will be tolerated.

From now on, there will be no penalty for selling products at excessive prices, the government will file cases against such dishonest traders. 

Commerce Minister Tipu Munshi told reporters on Tuesday morning after a closed-door meeting with stakeholders on the progress of the supply, storage and import process of products in the market. He also mentioned that there is a maximum punishment of three years in the case.

Media workers are usually also present in such meetings. However, no media person was called in today's meeting. After the meeting, no briefing was arranged.

However, the Commerce Minister gave a briefing on the request of media persons. Commerce Secretary, Director General of National Consumer Rights Protection Department, Chairman of Bangladesh Trade and Tariff Commission, Chairman of Bangladesh Competition Commission, Vice President of Businessmen's Association FBCI and President of Chittagong Chamber of Commerce were also present.

Earlier Tuesday (August 16) at a seminar organized to ensure fair competition in business and trade with the cooperation of  Rangpur divisional and district administration, Commerce Minister Tipu Munshi also said, unscrupulous traders always take advantage in our country. When they hear about the increase in oil prices, they increase it in one day. Increasing the price of rice without understanding the effect. The Ministry of Commerce is closely monitoring these dishonest traders.