NEWS

Stern Warning For Traders Not To Increase Prices

The Fijian Competition and Consumer Commission (FCCC) has fined two traders $10,000.00 for failing to mark prices for displayed items, with one of the traders also fined for selling goods
21 Dec 2018 09:59
Stern Warning For Traders Not To Increase Prices

The Fijian Competition and Consumer Commission (FCCC) has fined two traders $10,000.00 for failing to mark prices for displayed items, with one of the traders also fined for selling goods at an excessive price.

Tranx Service Limited was fined for one count of selling price controlled items at excessive prices and a second count of failing to mark prices on price controlled items.

Rups Investment Limited was also fined for failing to mark prices on non-price controlled items.

Both traders were in direct breach of the provisions of the Fijian Competition and Consumer Commission Act 2010.

The FCCC chief executive officers Joel Abraham, had issued a stern warning to traders who engaged in unethical practices and breaches of the law.

“Traders must not take advantage of families, especially during this festive period,” Mr Abraham said.

“The FCCC will come down hard on any trader who is found breaching the law and engaging in unethical practices.”

Earlier this month, after investigations into the Homes CARE and Farm CARE initiatives, the

FCCC also fined a prominent hardware trader, Kasabias Limited, for selling tiles at a higher price than what they were marked as.

“Unscrupulous traders continue to engage in these practices will be found and FCCC will ensure that they are taken to task so that Fijian consumers and their families are protected, as is their right,” Mr Abraham added.

The FCCC’s role is to create a dynamic and competitive market in Fiji by fostering a fair, competitive, efficient and informed market place to enhance the welfare of all Fijians.

 

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