ঢাকাবৃহস্পতিবার, ২৯শে ফেব্রুয়ারি, ২০২৪ খ্রিস্টাব্দ

Two firms fined Tk3.5cr for egg price manipulation

Newsdesk I Ctgpost
জানুয়ারি ২৫, ২০২৪ ৩:২৮ অপরাহ্ণ
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Bangladesh Competition Commission (BCC) has fined
two leading poultry farms – Diamond Egg Ltd and CP Bangladesh – a total of
Taka 3.5 crore for their alleged collusive practices in artificially
increasing the prices of eggs.

To this end, the judgment was published on Wednesday. Earlier, the commission
gave a final order on this matter last Monday.

As per the judgment, Diamond Egg will have to pay Taka 2.5 crore and CP
Bangladesh Tk 1 crore in 30 days from the day the order was issued, BCC said
this in separate notices.

BCC Member Hafizur Rahman told BSS that they were fined because the charges
against them were proven.

The directive comes more than three months after the competition watchdog
slapped fine on Kazi Farms Ltd Tk 5 crore and Suguna Food and Feeds
Bangladesh Pvt Ltd Tk 3.44 crore in the second week of October 2023.

Both the firms went to the higher court later challenging the orders.