Fraud Allegations Against Nine Kuwaiti Steel Firms

Fraud Allegations Against Nine Kuwaiti Steel Firms

KUWAIT CITY, Dec 9: The Ministry of Commerce and Industry said Saturday its consumer protection teams booked nine local steel companies for refraining from selling steel products unjustifiably in a bid to raise the prices. The move came after the market watch sector of the ministry noticed unjustifiable hikes in rebar prices at steel stores of Al-Shuwaikh Industrial Areas, the ministry said in a statement to KUNA.
The nine companies in question will be referred to prosecution under the charge of fraudulence and influencing the market, the statement added (KUNA)

The post Fraud Allegations Against Nine Kuwaiti Steel Firms first appeared on ARAB TIMES – KUWAIT NEWS.

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