SPEAKER Ferdinand Martin G. Romualdez on Friday issued a stern warning to agricultural cartels, vowing that those involved in price manipulation and the smuggling of essential goods—acts considered economic sabotage—will face not only massive fines but will also be thrown behind bars.
“Economic sabotage is a crime of the highest order. The law demands life imprisonment for large-scale agricultural smuggling, and we will make sure those responsible face the full force of justice. These cartels are not just committing fraud; they are endangering our food security and destroying the livelihoods of our farmers,” Speaker Romualdez declared.
Named respondents by PCC were Philippine Vieva Group of Companies Inc., Tian Long Corp., La Reina Fresh Vegetables and Young Indoor Plants Inc., Yom Trading Corp., Vegetable Importers, Exporters and Vendors Association of the Philippines, and Golden Shine International Freight Forwarders Corp. Speaker Romualdez made it clear that hefty fines are only the start, with criminal charges and long-term imprisonment guaranteed for these offenders.
The Speaker assured that the investigation would lead not only to fines but also to full prosecution. “We are fully committed to wiping out these cartels,” the Speaker pointed out. “This is not just about onions—this is about safeguarding our food supply and ensuring that every Filipino has access to affordable agricultural products. Today, we struck a blow against one cartel, but this is only the beginning.”
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