KATHMANDU — The Metropolitan Police Range Kathmandu raided the warehouse of Swastik Oil Industries situated at Jadibuti in Kathmandu, and impounded five trucks loaded with edible oil that the company wanted to sell at higher rate than existing market price.
Police on Thursday raided a warehouse belonging to KL Dugar Group and seized five trucks of cooking oil.
Following a complaint that the company has been involved in hoarding the products and artificially hiking the prices, a police team from the MPR, Teku, raided Jadibuti-based Dugar Food Stores and took control of two trucks each of Dhara and Gyan brand oil and a truck of Sunflow brand oil.
Police have also captured Aman Jain, director of Swastik Oil Industries, and Liaison Officer Pramod Adhikari from the warehouse.
“The company was planning to sell the products at inflated rate by capitalising on the dire situation facing the country,” said Superintendent of Police Bishwo Raj Pokhrel, spokesperson for the Range, adding, “We will further expand our investigation to control such unethical practices, including hoarding and black-marketing.”
A case would be filed against the company for engaging in black-marketing, Pokharel said.
After India imposed an informal blockade on Nepal, cooking oil prices have jumped up to Rs300 per liter from usual Rs150-200 per liter.
PM congratulates Nepali national cricket team
KATHMANDU— Prime Minister KP Sharma Oli has congratulated Nepali national cricket team for being able to clinch the International T20 series.
PM Oli in a tweet extended best wishes and congratulations saying he was very happy to know Nepal’s win over the UAE by 14 runs in the third match of the series.
Winning T20 series is another landmark success for Nepali cricket, he said, adding, “It is big achievement for Nepal’s cricket. I would like to heartily congratulate entire members of Nepali cricket squad”.