Myanmar Executives Arrested for Inflated Rice Prices

Four supermarket chain executives in Myanmar, including a Japanese joint venture official, were arrested for selling rice at inflated prices. Authorities claimed they and seven others, including rice traders and retailers, raised prices by 31%-70% above prescribed levels. The arrests were reported by the Global New Light of Myanmar newspaper.

Four executives from supermarket chains in Myanmar, including a Japanese joint venture official, were arrested for selling rice at inflated prices, state media said on Monday.

Authorities said they arrested 11 people, including rice traders and officials from rice mills and rice retailers, accusing them of inflating prices by 31%-70% from prescribed levels, according to the Global New Light of Myanmar newspaper.