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Monday, March 31, 2008

 

Justice warns rice traders on hoarding


CHARGES of economic sabotage, an unbailable offense, may be slapped against unscrupulous owners of rice warehouses found hoarding the commodity to create an artificial shortage and jack up prices.

 Justice Secretary Raul Gonzalez said Sunday that the National Bureau of Investigation (NBI) is now closely coordinating with the Department of Agriculture, which has direct supervi­sion over the National Food Authority (NFA), for additional information in building its case against rice hoarders and their cohorts within the NFA.

 “Charges of economic sabotage could be filed against those who are hoard­ing large quantities of rice. It is part of the investigation that the NBI is doing now,” Gonzalez told The Manila Times.

 The NBI, the justice chief added, is also looking into the possible involvement of some NFA personnel with rice hoarders.

 Reports indicated that rice cartels in connivance with some NFA personnel have been cornering government-subsidized rice being sold by the NFA. The syndicate repacks and sells these stocks at a much higher price in the retail market.

The anomaly in NFA’s rice distribution is nothing new and has been in existence long before the appointment of Agriculture Secretary Arthur Yap to the Cabinet.

Yap admitted that prices of rice have gone up in the international market but maintained that there is no rice shortage in the country. The country imports some two million metric tons of rice every year.

Gonzales said the perceived rice shortage is giving the government a lot of headaches and offenders should be hailed in court.

 The Justice chief said that rice hoarders are not alone to blame, referring to the alleged involve­ment of some corrupt NFA personnel.

 President Gloria Arroyo had earlier ordered an investigation on the sudden surge of rice prices in the market, warning that the govern­ment will clamp down on rice hoarders to arrest the situation.
--William B. Depasupil

   

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Severino O. Frayna Jr., Benjie Dela Rosa
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