The directors of Tuskys and Ukwala risk
jail terms and multi-million-shilling fines for defying an order to
reverse an unsanctioned outlet-acquisition deal.
The
supermarket chains missed a Monday night deadline set by the Competition
Authority of Kenya to terminate the acquisition of three Ukwala outlets
by Tuskys.
The authority now says it will forward the
matter to the Director of Public Prosecutions as a violation of laws
against restrictive trade practices.
If charged and
found guilty under Section 21 of the Competition Act, the owners of the
two businesses could face up to five years in prison, a fine not
exceeding Sh10 million or both.
CAK could also impose a penalty of up to 10 per cent of their turnover.
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