Bangladesh Competition Commission (BCC) filed cases against eight importer companies for manipulating the production and supply of edible oil in the country on Wednesday.
The companies are: City Edible Oil Limited (Teer), Bangladesh Edible Oil Limited (Rupchanda), Meghna and United Edible Oils Refinery Limited (Fresh), Bashundhara Oil Refinery Mill (Bashundhara), Shabnam Vegetable Oil Industries Limited (Pusti), S Alam Super Edible Oil Company Limited (S Alam), Prime Edible Oil Limited (Prime) and Globe Edible Oil Limited (Royal Chef).
The commission has served notices on the companies asking them to participate in the hearing of the cases.
The commission filed the case after an independent investigation to ensure a competitive market.
Chairperson of the BCC Mofizul Islam said, “Cases have been filed against the companies under Section 15 (b) of the Competition Commission Act on the basis of the discrepancies found in the preliminary investigation.”
The cases will be heard in the commission on May 18 and 19, he added.
He also said that the commission is working tirelessly to ensure a fair and competitive market.
