Sri Lanka confiscates 17,000kg of rice after raid by price control police
ECONOMYNEXT – Sri Lanka has confiscated 17,150 kilograms of rice imported by a trader, after being raided by price control police, the trade ministry said.
Maligakanda Magistrate ordered the rice to be confiscated and sold, a ministry statement said. The proceeds will be credit to the Consumer Protection Authority, which polices price controls in the country.
The stock of rice was imported by a firm called S N B Traders.
Price control police had demanded the rice at the controlled price and the shop had said no rice was available the Trade Ministry said in a statement.
A representative of the fir Sulverage Elmo had accepted having committed the offense of ‘refusing to sell’ rice, the trade ministry said.
The confiscation of the trader’s rice stock comes as state-run LakSathosa, which is riddled with multiple procurement scandals, has asked for financial support at tax payer expense to import and stock rice.
Politically powerful rice millers in Sri Lanka’s north central region are also stocking rice. (Colombo/Apr04/2017)