BSS
  13 Mar 2022, 19:57
Update : 13 Mar 2022, 19:58

Competition Commission to take legal action against artificial crisis of edible oil

DHAKA, March 13, 2022 (BSS) - Bangladesh Competition Commission has 
strengthened its monitoring activities to check any artificial crisis of 
edible oil and the commission will take legal action if anyone creates the 
crisis. 

"There are only a few edible oil importers in the country. So, we are 
collecting information on whether anyone from importers to producers, 
wholesalers and retailers are doing anti-competitive activities. Strict legal 
action will be taken if there is evidence of anti-competitive activities 
against anyone," said Chairperson of Bangladesh Competition Commission Md 
Mofizul Islam.

Talking to BSS, Mofizul Islam informed that the commission has already formed 
an investigative team for taking information. 

They are collecting information on how much edible oil has been imported in 
the last three months, where it was marketed and at what price, he added. 

He mentioned that the commission will take legal action if it is found that 
someone has caused problems in the supply chain.

Besides, he said, if anyone complains against those involved in anti-
competitive activities on their own initiative, it will be taken into 
account.

Mofizul Islam urged the countrymen to co-operate with the commission if any 
anti-competitive activities are seen in the market, he added.