26-05-2025
- Business
- Free Malaysia Today
Breadmaker fined RM60,000 for hiking prices of potato buns
Breadmaker Today Bakeries Products (Klang) Sdn Bhd was charged under the Price Control and Anti-Profiteering Act 2011.
PETALING JAYA : A bread manufacturer has been slapped with a RM60,000 fine by the Klang sessions court for profiteering by raising the price of its potato buns last year.
Judge Sharifah Hascindie Syed Omar meted out the sentence on Today Bakeries Products (Klang) Sdn Bhd, represented by its director, Khu Kim Chai, who changed the company's plea to guilty today.
Khu, 67, paid the fine after the court proceedings, Berita Harian reported.
The Klang company was charged with profiteering by hiking the price of its potato buns from RM3.35 to RM3.51, and from RM1.89 to RM2.05, leading to a 16 sen increase in net profits.
The offence was committed at the company's premises at Taman Klang Utama on May 27, 2024.
The charge was framed under Section 14(1) of the Price Control and Anti-Profiteering Act 2011, which provides for a maximum RM500,000 fine upon conviction.
The company was represented by lawyer Ridzuan Omar, while domestic trade and cost of living ministry prosecuting officer Saiful Saaidin prosecuted.
