Sri Lanka, Oct. 6 -- The Consumer Affairs Authority (CAA) has stated that legal proceedings have been initiated against 135 traders across the country for selling rice at inflated prices.

The authority said that during the last month, cases have been filed against 135 traders in raids conducted across the island.

The CAA further stated that raids will continue against traders who sell rice at higher prices and for those who conceal stocks.

The CAA emphasized that individual vendors found guilty of overpricing rice may face fines ranging from Rs. 100,000 to Rs. 500,000, imprisonment for up to five months, or both.

Private companies found in violation may face fines ranging from Rs. 500,000 to Rs. 5 million and in cases involving concea...