May nasampolan! Gov’t raiding team arrests 2 rice traders in Iligan City for alleged hoarding

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Authorities have arrested two Iligan City-based rice traders, one of them a Taiwanese, for alleged hoarding of 40,000 bags of rice.

Agriculture Secretary Emmanuel Piñol, in his Facebook page, quoting National Food Authority (NFA) Acting Administrator Tomas Escarez, said the arrest was made Wednesday, October 10, after a composite government team raided four warehouses in Iligan City.

The rice stocks were allegedly owned by a Filipino-Chinese and a Taiwanese, who would be charged with hoarding, involvement in cartel operations and profiteering, Piñol said.

Escarez said the two traders were the first to be arrested in the intensified campaign against rice hoarding ordered by President Rodrigo Duterte.

Members of the Sub-Committee on Rice Hoarding, Cartel and Smuggling which include the National Intelligence Coordinating Agency (NICA), the National Bureau of Investigation (NBI), the Bureau of Customs (BOC), the Philippine National Police (PNP), the Philippine Ports Authority (PPA), the Department of Trade and Industry (DTI), the Philippine Coast Guard, the Department of Labor and Employment and the NFA, swooped down on the four warehouses following reports of alleged hoarding by the two grains traders.

Escarez said the documents in the possession of the two traders were inconsistent with their stock inventory and appeared spurious prompting the NFA to order the seizure.