The Competition and Fair Trading Commission (CFTC) has fined four local companies K5 million each for supplying on the market uncertified liquor which is likely to cause harm to consumers.
The Commission imposed the fine during its 49th Meeting in Lilongwe on 31st August, 2017. The meeting was held to consider and adjudicate over cases relating to unfair trading practices, and anti-competitive business conducts
Out of 26 cases, 20 were on unfair trading practices while the rest were on anti-competitive trade practices. The cases were brought before the Commission in accordance with Section 8 of the Competition and Fair Trading Act.
CFTC Chairperson, Daniel Dunga in a statement issued out on Thursday, disclosed that the Commission agreed to fine the five companies during the meeting.
The companies are Chilwa Investments, S.R Distilleries, Bwenzi Group and Reddy’s Beverages Limited.
“The Commission also ordered the companies to cease and desist from supplying harmful and uncertified products and to conduct a thorough product recall in all retail outlets within seven days. If any liquor products will be found on the market, the Commission will impose another fine to the offending companies,” said Dunga.
The Commission’s determination followed investigations it conducted which revealed that the concerned companies were supplying uncertified spirituous liquor products.
CFTC established that, despite being warned about the injurious nature of the products, the companies continued to supply the products on the market in substantial quantities.Follow and Subscribe Nyasa TV :