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P2,000 fine and up to 6 months imprisonment , the equivalent of offenses of suspected rice smuggler David Bangayan…

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Suspected rice smuggler David Bangayan, also known as David Tan, will not be charged with smuggling, but with monopoly of supply, it was learned Tuesday. Inquirer

“He could only be charged with monopoly in restraint of trade for using farmers’ cooperatives as dummies to secure importation permits,” sources from the National Bureau of Investigation told the Inquirer. Inquirer

The source explained that monopoly in restraint of trade carries a fine of at least P2,000 and imprisonment of not more than six months. Inquirer

 

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