BİM and Shock Front Also Received Announcement on Penalties

There is an issue in our country that has been on the agenda lately. The exorbitant prices in the markets have been under the spotlight for a long time and the subject has been on the agenda frequently on social media in recent months. The most important development on the subject was the penalty decision announced by the Competition Authority the other day.

Completing its investigation, the Competition Authority gave a total of 5 chain markets and 1 supplier. 2.6 billion TL administrative fine cut. Migros made the first statement after the record-breaking fines, in the report, which states that it increased prices simultaneously by cooperating with each other and with supplier companies. Migros stated that they would object to the decision and file a lawsuit by rejecting the allegations.

BİM and Şok also react to the decision:

Reacting to the high fines and allegations, BİM and Şok, which caused the aforementioned punishments, denied the allegations. Expressing that they will file a lawsuit, the chain markets also criticized the decision of the Competition Authority.

BİM, in its statement, “With its low profit margin and low price policy, BİM has made significant contributions to reducing inflation in Turkey in the last 25 years. Despite this, being shown as ‘responsible for the expensiveness’ and imposing a punishment unprecedented in history with the allegation of cartel, which do not serve the development of the investment environment and free market in our country, It is an unfair and unjust decision.. For this reason, BİM will defend its rights to the end and will comprehensively take the decision to the judiciary. We hope that our independent and fair judiciary will not remain silent about the injustice we have suffered.” he stated.

In the BİM statement, which also used expressions that the decision was not an impartial and independent decision, “Penalties for associating ‘exorbitant price’ allegations with discount market chains will set a bad precedent for the Competition Authority, which should assume an impartial and regulatory role independent of political orientations, and cast a shadow on its international reputation. In the legal defense process, it has been transparently revealed in the light of concrete data that none of the aforementioned elements are qualified to reveal any violation of competition by our company. Nevertheless The Competition Authority has taken an unfair decision, He based this decision on the daily communications and e-mail correspondence of the markets with their suppliers, the meeting notes between the ministry and company officials, and the usual shelf price changes.” he said.

Shock will also bring the situation to court:

The statement from the shock front was that the decision would be appealed. In the statement “As a result of the investigation by the Competition Authority regarding the price increases among the chain markets, it became necessary to inform our nation about the unfair accusations made against us and the resulting punishment. First of all, we would like to point out that beyond the fine given, unfair accusation that we are acting against our customers it hurt us deeplyŞok stated that they will seek their rights.

“Against unjust punishment, Turkish judiciary and using all the possibilities that the law gives us We want it to be known that we will object and seek the rights of our customers to the end.A chain of markets stating that they will take the case to the judiciary with the words “”The best proof of this is the price increases of Şok Marketler, which is always well below the inflation average of “food and non-alcoholic beverages” announced by TURKSTAT, and the financial data that is accessible to everyone as a publicly traded company. He stressed that the allegations do not reflect the truth.