“I have just given instructions to the DOJ and the NBI to initiate an investigation into the hoarding, smuggling price fixing of agricultural commodities,” the Chief Executive announced in a statement.
“And this is stemming from the hearing that we’ve conducted in the House, specifically by Congresswoman Stella Quimbo and the findings that they came up with,” he added. Quimbo to the President the cartel has been allegedly operating through Philippine VIEVA Group of Companies Incorporated . This company also reportedly engages in farming, importation, local trading, warehousing, and logistics.He said the operation of the cartel constitutes to economic sabotage.
“That is why we are going to be very, very strict about finding these people and making sure that they are brought to justice,” he promised.Marcos had previously attributed the sky-high prices of agricultural products, such as onions, to smuggling.
Source: Law Daily Report (lawdailyreport.net)
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