Consumer Affairs Authority Rakes in Rs.220 Million in Fines

Date:

The Consumer Affairs Authority (CAA) has scored big this year, amassing a substantial Rs.220 million from fines imposed on errant traders. Asela Bandara, the CAA’s media spokesperson, revealed that these fines were a consequence of cracking down on various illegal practices rampant among traders.

Bandara highlighted that the fines were levied on traders engaged in activities such as price gouging, illegal stockpiling, failure to display prices, and the sale of expired products. The crackdown has been extensive, with a staggering 22,000 raids conducted nationwide to ensure compliance with regulations.

Of these raids, a significant portion—19,000 cases—resulted in prosecution, signaling the strict enforcement and zero-tolerance approach adopted by the CAA.

Share post:

spot_imgspot_img

Popular

More like this
Related

Stalled Rail Projects Expose Deep Cracks in Public Sector Delivery

Sri Lanka’s infrastructure development drive has suffered another blow,...

Bloated Public Sector Drains Sri Lanka amid Skills Crisis

Sri Lanka’s public sector long criticized for inefficiency, political...

BOC Doubles Profit as Digital Push and SME Lending Drive 2025 Surge

The Bank of Ceylon has delivered a landmark financial...

New Office Tower Marks Turning Point for Port City

Sri Lanka’s flagship Port City Colombo development has gained...