Saturday 14/February/2026 – 03:51 PM
The Economic Affairs and Money Laundering Prosecution began its investigations into the report received from the Competition Protection and Monopolistic Practices Authority regarding the existence of agreements between a number of white poultry trading brokers to influence the prices traded in the market.
The Public Prosecution refers defendants to criminal trial for committing monopolistic practices in the white poultry market
The investigations, based on a specialized technical and economic study, and careful statistical analysis of pricing data and trading activity during the examination period, revealed the existence of a recurring pattern of parallelism in the prices announced by the defendants, exceeding the normal limits of market fluctuations and differences in geographical factors and production costs.
Technical analysis also demonstrated the existence of a close and strong correlation between the prices issued by them over extended periods of time, in a way that reflects previous coordination and agreement to determine selling prices, whether by raising, lowering, or fixing them, in violation of the provisions of the law.
The witnesses’ statements and what was included in the economic study supported this conclusion, confirming the defendants’ violation of freedom of competition and influencing the mechanisms of supply and demand within the market.
In light of the results of the investigations proving these facts as mentioned above, the Public Prosecution ordered the defendants to be referred to criminal trial, in implementation of the provisions of the Law on the Protection of Competition and the Prevention of Monopolistic Practices, and in order to establish the principle that economic activities are subject to the rule of law without exception.
The Public Prosecution appreciates the technical and economic efforts made by the Competition Protection and Monopolistic Practices Authority in monitoring practices that violate market rules, and preparing specialized studies and analyzes that contribute to protecting free competition and preserving supply and demand mechanisms, in a way that enhances market stability and protects consumer rights.
The Public Prosecution affirms its constant keenness to establish a sound investment climate characterized by transparency, free competition, and equal opportunities, given that protecting market rules is not only in the interest of the committed investor, but rather represents a basic guarantee for protecting the interest of the citizen, controlling the balance of prices, and achieving economic stability.
It also stresses its continued resolute confrontation of all forms of monopolistic practices, to ensure the preservation of the national economy and the protection of the rights of market traders, within a framework of the rule of law and respect for legal guarantees.
