Some of the oil traders with import permits, including the president of the Oil Traders Association, were arrested by the Military Council on the evening of August 30th, according to reports on Telegram channels supporting the Military Council. U San Lin, president of the Oil Merchants Association, and licensed oil merchants. U Aye Sein, U Myint Kyu, U Wan Htike and U Tun Tun Win were arrested for raising the cooking oil price. The news source close to the military council confirmed today on August 31st that they were arrested for selling palm oil at high prices. The president of the Oil Merchants Association and the oil merchants were arrested without any official press release from the military council, and it is said that it is not yet known under what section the army arrested them. It was reported in today’s newspaper that U Aung Naing Oo, Minister of Trade and Commerce of the Military Council, convened a meeting on the morning of August 30th in order to reduce the price of palm oil these days. Also, regarding the rising palm oil prices, on July 1st, businessmen in Yangon were convened and warned to sell at appropriate prices, according to a news release.eraseye\news
Some of the cooking oil traders, including the president of the Oil Traders Association, were arrested and examined by the Military Council.
