The Consumer Affairs Authority (CAA) has nabbed over 1000 traders who had not adhered to the price controls imposed on 16 essential food items. Director General, CAA, D. Arandara told Nation that over 1,100 raids were carried out since July 16 during which these traders were nabbed.
He stated that most of the businesses were sole owners or partnerships. “The issue is now more or less under control. We have been monitoring the situation continuously and have found that more and more businesses have adhered to the pricings that were imposed,” he added. Accordingly, the traders who are caught violating the regulations will be punished with a fine of Rs. 1000 to Rs 10,000 or a six-month prison sentence or both.
Deputy Director, CAA, Asela Bandara said that if a trader is caught for the second time, the penalty would be doubled for the offence.
He added that the penalty for larger commercial entities that violate the regulations was between Rs. 10,000 to Rs. 100,000. He further said that the CAA had carried out over 11,500 raids so far this year.