Lazada in Thailand faces legal action from Ministry of Commerce (MOC)
Commerce Ministry of Thailand issued a complaint against an e-commerce service Lazada, accusing its of artificially raising prices of surgical masks. The Ministry promised to take legal action against the company if necessary.
Three vendors, who are operating on the platform, were reported to be selling the masks at the excessively high prices, going over the regulatory limit of 2.5 baht. According to the statement of Minister Jurin Laksanavisit, the vendors are selling the needed medical necessity for 22-26 baht per mask. They can face the punishment of up to seven years in prison, as well as large fines.
At the moment the issue is being investigated by the police. The CEO of Lazada also received the notice, that he might be held responsible under the same regulations. The minister reminded the public, that the authorities have warned both the vendors and the consumers against trying to exploit e-commerce platforms for higher profits.
Lazada is a Singaporean e-commerce company, owned by Alibaba Group. The company did not yet comment on the issue.