Market syndicate impact severer than extortion, says HM

Home minister Asaduzzaman Khan said on Saturday that market syndicates were impacting more on the price of essentials in markets than extortion.

‘A group of traders is increasing commodity prices, aiming to gain more profits, which is impacting on the markets,’ he said.

The minister came up with the remarks while talking to journalists after inaugurating the Post Graduate Diploma in Cyber Security course at Police Staff College Bangladesh in Dhaka.

The commodities sell for Tk 20 at Karwan Bazar are being sold at Tk 40 in the close-distance markets, he said.

The minister also said, ‘We have conducted a study on how much money is extorted from a truck travelling from Jashore to Dhaka, and the police are now taking special measures to combat the extortion.’

The Dhaka-Chittagong highway came under CCTV surveillance, and other highways will also come under CCTV gradually to combat extortion, he said.

The police are ready to cooperate if the organisations that are working on markets seek any assistance, he said.

About recent fires in Dhaka, the home minister said that the fire incidents were usual things in the country.

He added that they did not find evidence of sabotage in the recent fire incidents.

He urged the people to construct buildings following relevant laws that can prevent frequent fire incidents.

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