ALOR STAR: A company in Sungai Petani was today slapped with RM15,000 in fines by a Sessions court here for profiteering under the Price Control and Anti-Profiteering Act 2011.
Judge Zanol Rashid Hussain imposed the fines on ECN World Marketing Sdn Bhd, which was represented by its manager, Ooi Siow Sin.
Ooi, 30, pled guilty to the charge, which was read by a court interpreter in Mandarin.
The company is alleged to have increased the retail price of the Lux Shower Cream (Velvet Touch) re-fill pack (600ml), from RM7.90 to RM9.40, which raised their net profit margin for the product.
The offence was committed at a sundry shop at Jalan Kuda Kepang, Taman Ria Jaya in Sungai Petani on April 21, this year.
The company was charged under Section 14 (1) of the Price Control and Anti-Profiteering Act 2011, which carries fines of up to RM500,000, and for the second and subsequent offences, the offender could face a maximum fine of RM1 million.
Ooi paid the fine for the company.