CFTC carried investigations into alleged misleading conduct by Malawi Fertilizer Company Ltd on its own volition after it carried out market inspections in October 2018 in Lilongwe, Nkhotakota and Karonga.
During the inspection, CFTC noted that shops belonging to Farmers World were selling underweight Superfert fertilizer, which is a product of the Respondent.
The investigations showed that indeed Superfert fertilizer that was being sold was underweight.
The Commission resolved as follows:
- That the Respondent should pay a fine of One Million Five Hundred and Forty Thousand Malawi Kwacha (MK1,540,000.00) being the financial gain generated by the offence of engaging in misleading and deceptive conduct contrary to Section 43(1)(d) of the CFTA.
- The Respondent should pay a fine of Five Hundred Thousand Malawi Kwacha for their failure to submit information as requested by the Commission.