Myanmar junta arrests 11 for inflating rice prices, including Japanese national

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YANGON (Reuters): Four executives from supermarket chains in Myanmar, including a Japanese joint venture official, were arrested for selling rice at inflated prices, state media said on Monday, as the war-torn country's ruling junta struggles to stabilise a spiralling economy.

Authorities said they arrested 11 people, including rice traders and officials from rice mills and rice retailers, accusing them of inflating prices by 31%-70% from prescribed levels, according to the Global New Light of Myanmar newspaper.