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Davao trader nabbed for overpricing

/ 05:50 PM April 25, 2020

DIGOS CITY –– A businessman in Davao City was arrested by operatives of the Criminal Investigation and Detection Group after he was caught selling overpriced rice on Friday afternoon, April 24.

Major Milgrace Driz, Davao CIDG chief, identified the suspect as Monrico Montilla Abarico, a resident of Toril district in Davao City and sells in the public market.

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Driz said the entrapment on Abarico was conducted in coordination with the Department of Agriculture and the  Department of Trade and Industry.

A total of 20 sacks of premium rice were seized from Abarico.

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One class of rice he sold at P48 per kilo and another at P50 per kilo. DTI’s price freeze order set the price of rice at P45 per kilo.

Authorities said the total value of rice recovered was P33,750.

Driz said the suspect was now held at Toril police station while they are preparing the case against Abarico.

Authorities urged the public to report the selling of overpriced products while the country is facing the health crisis brought by the coronavirus disease.

LZB

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TAGS: Businessman, Criminal Investigation and Detection Group, Davao City, overpricing, Philippine news updates, Regions, rice
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