Sugar prepares to reign in the underworld, Punjab Chinese dissemination, storage and prevent volatility in pricing ordinance prepared, 50% of the persons involved in the crime were sentenced to three years.
According to details, preparations are underway to curb the sugar mafia. The Punjab government has prepared an ordinance to curb sugar speculation, hoarding and price fluctuations will be fined 50%.
According to the ordinance, those who help in hoarding, speculation and profiteering of sugar will also have to pay three years imprisonment and a fine of up to Rs. 1 million.
Sugar hoarding, profiteering and speculation will be considered a non-bailable offense. In case of involvement of the company or entity, all the directors, joint owners and officers will be held responsible.
The stock has to be picked up within 15 days on purchase of sugar. In case of non-picking up of stock within the stipulated time, change of price will be considered responsible. The trial of the case will be completed within 30 days, the action taken under the ordinance will not be challenged.
Extracted from City42 News
