Meals buying and selling firm penalized for business fraud

by ADeeL

Saudi Gazette report

RIYADH — The Ministry of Commerce has penalized a meals buying and selling firm after it was convicted of business fraud by providing and advertising and marketing merchandise with deceptive business information to shoppers.

The ministry defamed the department of meals buying and selling agency after a courtroom ruling was issued convicting the agency and its department supervisor for committing violations of Anti-Industrial Fraud Regulation. The corporate department was discovered responsible of displaying and advertising and marketing meals merchandise that comprise deceptive business information to the buyer.

Throughout their area excursions, the ministry’s inspection groups discovered that the shop was providing and advertising and marketing a juice product at costs decrease than the true worth on the cashier’s counters, which is taken into account as fraud and an act of deceptive shoppers.

The ministry revealed the judicial ruling issued by the Dammam Prison Courtroom, which included imposing tremendous, closing the agency for 5 days, eradicating the commercial concerned in violation, and publishing the courtroom verdict in a newspaper on the expense of the violators.

The ministry confirms that it takes stringent penalties towards violators of the Anti-Industrial Fraud Regulation and applies statutory penalties towards them. The regulation stipulates the imposition of penalties of as much as 3 years in jail, monetary fines of as much as SR1million or each, and defamation of violators at their expense. It urged all shoppers to report business violations by means of the Balagh Tijari utility or by means of the decision heart No. 1900.

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