The National Directorate of Consumer Rights Protection (NDCRP) on Saturday fined Tk 4.5 lakh three egg aroth (wholesaler) at Baipile in Ashulia after finding evidence of illegal profiteering.
Earlier egg wholesalers used to earn Tk0.20 per egg. Now they are making a profit of Tk2.70 per egg by creating a crisis. By holding the consumers’ hostage, the traders are making a hefty profit per egg.
On Saturday, the NDCRP in a raid found evidence of illegal profit-making at three egg wholesalers at Baipile in Ashulia. A fine of Tk 4.5 lakh has been realized on three egg traders.
The operation was conducted led by Abdul Jabbar Mondol, head of Dhaka district office of NDCRP and assistant director of the directorate Md. Hasanuzzaman.
Abdul Jabbar told UNB that most of the egg traders are not preserving the cash memo of the purchase. Not giving cash memo of sale. No price list either. Eggs are being priced based on demand rather than purchase price.
It can be seen from their cash memos and documents that the purchase price of each egg was Tk9.40 on August 7 and sold at Tk9.60 at a profit of 0.20 paisa only.
After 10 days the picture was different. On August 17, the buying price of each egg was Tk9.10 and the selling price was Tk11.80. In this case, the profit for each egg is Tk2.70 , which is unusual.
Thus, for the crime of increasing the price of eggs through manipulation, Asif’s egg Aroth (traders) was fined Tk 1.0 lakh, SJ Agro egg aroth fined Tk 1.0 lakh and Faisal Enterprise was fined Tk 2.5 lakh.
Source: United News of Bangladesh