Six businessmen booked for hoarding rice in Hyderabad
“During an earlier investigation, we found that some mills were empty despite millers having been supplied paddy with the expectation that they would return 65% of the quantity as rice. cases were also registered against others for GST violations and allegedly misrepresenting rice quantities to cheat customers While six businessmen were booked for illegal hoarding following raids at 20 locations. “Hundreds of quintals of rice were found hoarded, and the stock will be released into the market shortly.
The businessmen inflated prices through hoarding as part of a syndicate,” said K Ram Kumar, a superintendent of police-rank officer attached to the civil supplies department. The investigation is still underway,” police officials attached to the civil supplies department said. Investigators found that some of the six businessmen allegedly involved in hoarding also owned rice mills. We suspect that the missing PDS rice was diverted by the millers to the open market. Saroornagar police registered FIRs against the six businessmen. No arrests have been made so far, and Saroornagar police are continuing their inquiry.