KUWAIT: The Ministry of Commerce and Industry announced yesterday that it had punished 350 companies and commercial stores since the decision to rationalize subsidies for fuel prices was taken by the government. The violating companies and stores were penalized for conducting commercial fraud and increasing commodity prices for no reason, the Commercial Supervision and Consumer Protection Department said in a press release.

Some of the penalties were imposed for expiry of commodities and fraud related to the products’ country of origin. The release added that Assistant Undersecretary for Commercial Supervision and consumer protection department Eid Al-Rashidi said that, under the guidance of the Cabinet, inspectors from commercial supervision were deployed in all areas of Kuwait to monitor any violations in the business sector. —KUNA