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Tough action against price manipulators Warns PM

Staff Correspondent
Prime Minister Sheikh Hasina yesterday said the government will take action against those responsible for the skyrocketing price of sugar.
"The issue is under investigation. We have already had some information on the matter," said the premier while addressing the House marking the International Day ofDemocracy.
Sugar price has become a big issue as a kilogramme is selling now at all-time high
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price of Tk 64. which was Tk 45 a month ago. according to TCB.
The government blamed unscrupulous traders for abnormal price hike of sugar. On the other hand, sugar refiners and traders continue to blame each other for the rise in sugar price.
The blame game is continuing but no step has so far been taken until yesterday in minimising sugar price at retail level.
Commerce Minister Faruk Khan has also echoed the premier in a recent programme and said the government will take action against both dishonest TCB dealers and businessmen who hoarded sugar for getting extra profits.
In a view-exchange meeting with the dealers ofTYading Corporation of Bangladesh (TCB) on its premises in the capital, Faruk Khan said, "The government has a intelligence report in hand with some details about sugar hoarding."
Earlier each TCB dealer, however, was distributed oqe tonne of sugar and one tonne of edible oil.
The minister also announced that each TCB dealer would be given three tonnes of sugar. Presently, a total of 216 TCB dealers are selling edible oil and sugar in Dhaka City Corporation areas, w'hereas some 1,200 dealers are engaged outside the capital.
The minister warned the TCB dealer not to indulge in immoral practice for making some extra bucks.
"We have received some allegations against TCB dealers. If the allegations are found true the government will cancel their dealerships," he said.
The minister said two ships have already been anchored at the Chittagong Port with 50 thousand tonnes of sugar, which will go to the market before Eid. Another 50 thousand tonnes will come after Eid, he added.