February 23, Colombo (LNW): The Consumer Affairs Authority (CAA) has initiated legal proceedings against 39 traders for engaging in illegal practices such as selling rice at inflated prices and hoarding stocks.
This action follows a series of raids conducted across several areas, primarily targeting the Kegalle and Gampaha districts.
During these operations, the CAA uncovered several violations of trade regulations. A total of 16 traders were found to be selling rice at exorbitant prices, significantly higher than the government-approved rates.
Additionally, 10 traders were caught hoarding rice, a practice that has led to artificial shortages and price increases.
Another 10 traders were penalised for failing to display the required price information, further violating consumer rights.
Amongst the traders identified, those selling Keeri Samba rice were found to be charging anywhere from Rs. 270 to Rs. 310 per kilogram—far above the acceptable price range.
The CAA has warned that such actions will not be tolerated and has vowed to continue its efforts to protect consumers from exploitation, particularly during times of economic strain.
The authority is now pursuing legal action against the traders involved, and further investigations are expected in the coming weeks to ensure that market practices are brought back in line with fair trade regulations.
