11 arrested in Myanmar for allegedly inflating rice prices during economic crisis.

Myanmar's junta arrested 11 people, including executives of supermarket chains and a Japanese national, for allegedly selling rice at inflated prices. The junta is struggling to stabilize Myanmar's economy, which has been impacted by the ongoing military-led crisis since February 2021. Authorities accused the arrested individuals of inflating rice prices by 31% to 70% from prescribed levels, leading to economic chaos.

June 30, 2024
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