Two of four sugar brokers involved in price hike detained

Intelligence report identifies four brokers involved in sugar shortage and rate spike

By: News Desk      Published: 01:26 PM, 7 Nov, 2021
Two of four sugar brokers involved in price hike detained
TV grab.

The Lahore administration is tightening its noose around the sugar mafia as the authorities have issued detention orders of sugar brokers involved in the artificial hike in the price of the commodity, reported 24NewsHD TV channel.

Sources on Sunday divulged to 24News TV channel that according to a source report of the sensitive agencies, four brokers were manipulating the sugar prices. 

In the light of the intelligence report, the city administration has decided to zero in on the sugar mafia and ordered for the house arrest of two brokers: Shahzad Faisal and Junaid Butt for 30 days. 

Sources informed that the report, prepared by the sensitive agencies, has identified four big brokers who were involved in the price spike. Among them, two have already been taken into custody, sources added. 

Lahore deputy commissioner has issued orders of house arrest of two other brokers

The house arrest orders of broker Shahzad Faisal, s/o Allah Rakha, r/o DHA Phase V, Lahore; and another broker Junaid Butt, s/o Riaz Butt, r/o Tauheed Park, Multan Road, Lahore have already been issued.  

According to source report, both the brokers have been involved in hiking sugar price by creating artificial shortage of the commodity and spreading rumours.

The house arrest order was issued under Section III of Public Ordinance, 1960 in the light of all documentary proofs. 

Both the brokers will be kept in house arrest under the watch of Central Jail, Kot Lakhpat superintendent.

A copy of house detention orders has been sent to the home department additional chief secretary, Lahore commissioner, Lahore CCPO, Punjab IG and IG Jails. 

Reporter Rao Dilshad Hussain