Dhaka 11 November, 2026

Law Minister Warns Market Syndicates, Threatens Special Powers Act

Rtv News

Publish : 08 Aug 2026, 02:18 PM
Law, Justice and Parliamentary Affairs Minister Md Asaduzzaman speaks to journalists after inspecting wholesale jute and onion markets in Jhenaidah. -BSS Photo

Law, Justice and Parliamentary Affairs Minister Md Asaduzzaman issued a strong warning on Saturday against market syndicates and illicit hoarding, declaring that state authorities are taking active steps to dismantle these illegal cartels.

Speaking to reporters following an inspection of wholesale jute and onion markets in the Shailkupa area of Jhenaidah this morning, the minister emphasized that market cartels have victimized agricultural producers across the nation.

"We will move forward with the aim of dismantling syndicates in all sectors so that marginal farmers can benefit. Traders have formed syndicates in the markets, holding farmers hostage. Special Powers Act will be applied against market syndicates and hoarding. The maximum punishment for hoarding under The Special Powers Act, 1974, is death. Therefore, those who engage in hoarding should think twice before doing so," he warned.

Detailing the systemic exploitation occurring in rural trading hubs, Md Asaduzzaman observed that growers are systematically denied equitable returns despite their labor-intensive work.

Read More

"Farmers do not get fair prices despite growing crops through hard work. After bringing their produce to the markets, farmers become hostage to syndicates. They have to pay an additional two kilograms of jute or onions per maund (40 kilograms) as extortion," the minister said.

He elaborated that market sanitation workers and members of the transgender community also extort money from visiting growers, resulting in farmers surrendering approximately 45 kilograms of produce for every standard 40-kilogram maund—a practice he condemned as deeply unjust.

Md Asaduzzaman confirmed that official directives have been dispatched across all local retail and wholesale trade centers to break up these organized groups. During the minister's inspection tour, Upazilla BNP President Abul Hossain and General Secretary Humayun Babor Feroz were present among other local figures.

Follow google news channel to get RTV news Google News
Turkiye Keen to Send Experts on Women’s Health as Dr Zubaida Meets Emine Erdogan
Turkiye has expressed interest in strengthening cooperation with Bangladesh in several areas, including tackling the impacts of climate change, protecting the health of women and children, renewable energy and the production of eco-friendly products.
Turkiye Keen to Send Experts on Women’s Health as Dr Zubaida Meets Emine Erdogan
PM Calls for Continued Turkish Support for Permanent Solution to Rohingya Crisis
Prime Minister Tarique Rahman has urged Turkey to maintain its support in international forums for a permanent solution to the Rohingya crisis and the repatriation of the displaced population.
PM Calls for Continued Turkish Support for Permanent Solution to Rohingya Crisis
Prime Minister Arrives in Antalya to Attend COP31 World Leaders' Summit
Prime Minister Tarique Rahman arrived in Antalya this afternoon on a three-day official visit to Turkiye to attend the COP31 World Leaders' Summit, where he will address a plenary session and hold bilateral meetings on the sidelines.
Prime Minister Arrives in Antalya to Attend COP31 World Leaders' Summit
Zubaida Rahman, Duchess of Edinburgh Discuss Women's Empowerment, Rohingya Repatriation
Dr Zubaida Rahman and Britain's Duchess of Edinburgh yesterday discussed strengthening cooperation on women's empowerment, maternal and child healthcare, education and the Rohingya crisis, with particular emphasis on protecting vulnerable communities.
Zubaida Rahman, Duchess of Edinburgh Discuss Women's Empowerment, Rohingya Repatriation
Prime Minister Departs for Turkey to Attend COP31
Prime Minister Tarique Rahman has left Dhaka for Turkey to attend the 31st United Nations Climate Change Conference (COP31).
Prime Minister Departs for Turkey to Attend COP31
Read More
Nepal PM Demands Climate Action After Himalayan Disaster
BNP Appoints Ruhul Kabir Rizvi as Acting Secretary General
New Force SRB Gets Final Approval, to Function Under Police
Government Moves to Replace RAB with New 'Special Response Battalion'