Mahmoud Mumtaz, head of the Competition Protection and Prevention of Monopolistic Practices Authority, said that the case of proven violation of 4 major table egg brokers is a violation of the Law on Protection of Competition and Prevention of Monopolistic Practices of 2005.
Mumtaz added, in a telephone interview to the “evening dmc” program with the media, Engy El-Qadi, via dmc channel, that the crime referred to above is punishable by law with a fine of up to 12% or 500 million pounds.
The head of the Competition Protection and Prevention of Monopolistic Practices added: “The issue is that there is a group of people who agree together on a number of violations stipulated by law, the first of which is an agreement to raise, stabilize or reduce prices, and the second is the concept that companies inflate markets, meaning that someone controls In Cairo, the second in Alexandria, and the third form of violations are tenders or auctions in general, and the last is limiting production, marketing and distribution, all of which are forms of economic crimes that harm the concept of the free market.
