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The Australian Senate Select Committee on Supermarket Prices is investigating allegations of price gouging by supermarket giants Woolworths and Coles. The inquiry has witnessed tense exchanges, notably between Woolworths CEO Brad Banducci and Greens Senator Nick McKim. Banducci has been accused of evading questions regarding the company's profits and has been threatened with contempt and potential jail time for non-compliance. An interim review of the supermarket code of conduct has recommended billions of dollars in fines if sustained price gouging is confirmed.
Senator Nick McKim has doubled down on his threat to hold outgoing Woolworths CEO Brad Banducci in contempt for refusing to answer questions about supermarket profitability. https://t.co/hE0MBOuatH
Australian grocery groups undergo Senate grilling on price-gouging allegations https://t.co/7DIt9pOc2z
Woolworths CEO Brad Banducci has been accused of trying to ‘bulls**t’ the supermarkets inquiry and threatened with jail time for contempt after refusing to answer a question: https://t.co/0rEzxHQ1RJ https://t.co/N0xwfyzOvA
