Email a copy of 'MASM punished by Fair Trade Commission for deceiving Malawians: Fined K5mil' to a friend
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Email a copy of 'MASM punished by Fair Trade Commission for deceiving Malawians: Fined K5mil' to a friend
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Almost a month before the anticipated by-elections are held, a returning officer for Mtsiliza ward in Lilongwe City has resigned,...
MASM deserves a stiffer penalty by deceiving Malawians. In January 2017 they adjusted their tariffs by 20% as a cushion measure for much touted NO SHORTFALL. Come September 2017 they have increased their tariffs by 25%. In total MASM has increased its tariffs by a whooping 45%. Worse still, MASM has reinstated the shortfall and denying its clients access to good health by limiting itself to cheap drugs. In my view, K500 Million penalty is going to be appropriate or just ban MASM from operating in Malawi.
Bravo CFTC but the fines are very paltry comparing to what the companies reaped. Please revise the penalties in order to deter others from reaping unsuspecting customers.
At least we have an institution that can show seriousness in enforcing regulations. The fine may be too little for an organization of MASM’s caliber but it will surely put a dent in its corporate image. MASM has been taking Malawians for granted for a long time. Vuto ilibe ma competitor ndiye ikumadzifila kwambiri. BRAVO CFTC.
What is K5 million to an organisation like MASM? Would this small amount deter it or other organisations from commiting a similar offense in future? You are joking CFTC!!
kkkkkkkk a MBS KKKKK Akukugwirilani ntchitotu apa kkkkk tulo
For MASM yes but the cooking oil companies is that not a mandate of Malawi Bureau of Standards? ??
Is this against that the MBS is sleeping?
Job well-done, protect Malawians please. Congratulation continue doing the good job CFTC.