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Trader makes 170% profit on wheat due to Drought? Scarcity?
Updated On: 28 August, 2009 07:37 AM IST | | Bipin Kumar Singh
Cops arrest him for selling wheat grains at Rs 19 instead of the required Rs 8
Cops arrest him for selling wheat grains at Rs 19 instead of the required Rs 8 Confiscated: Kandivli police seized a truck carrying 3,600 kg of wheat, worth Rs 3.5 lakh in the market. ADVERTISEMENT ADVERTISEMENT
The soaring prices of food grains may have burnt a hole in your pocket, but they are only filling the coffers of illegal traders and black marketers.
In a major success, the Kandivli police arrested Rajesh Kunwar Bahadur Singh (35), the owner of a general store near Raghuleela Mall, last night for hoarding wheat grains and selling them at a price higher than he was allowed to. The police also seized his truck carrying 3,600 kg of wheat worth Rs 3.5 lakh in the market.
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