Fraud Allegations Against Nine Kuwaiti Steel Firms

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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)

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