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Consumer Protection: Blocking goods penalized with imprisonment and hefty fines
The Consumer Protection Agency, in accordance with Law No. 20 of 2024, announced that the penalty for withholding strategic commodities from the market has been intensified. This practice is considered a serious economic crime aimed at manipulating prices and causing market disruptions. Penalties include a fine of up to 3 million Egyptian pounds, imprisonment for up to 6 months, and the closure of the violating establishment. Additionally, failing to adhere to publicly announced prices can result in a fine of up to 2 million pounds, and offenders are referred to the Public Prosecution for economic prosecution. These measures are part of efforts to regulate markets and maintain the balance between supply and demand. The agency also emphasized the importance of citizens reporting violations, as they are key partners in market oversight.
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