Sugar Mills Association Confessed of Monopoly in Sugar Crisis: Mirza

Pakistan: Sugar Mills Association Confessed of Monopoly in Sugar Crisis: Mirza, Competition Commission Chairman Khalid Mirza says that Pakistan sugar mills association has confessed manipulation to get sugar production and distribution.
After the hearing of a case about monopoly in sugar industry, That sugar mill association confessed it violated competition ordinance and sought court’s relaxation under section 39. He told that the commission would decide about giving relaxation after November 24 hearing of the case. Competition Commission can fine up to Rs 50 million if charges of monopoly and manipulation are proven.

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Sugar Mills Association Confessed of Monopoly in Sugar Crisis: Mirza was first posted on November 14, 2009 at 4:34 pm.