BBC: Venezuela seizes Christmas toys to distribute to poor
Venezuelan authorities have arrested two toy company executives and seized almost four million toys, which they say they will distribute to the poor.
Officials accused the company of hoarding toys and hiking prices in the run-up to Christmas.
Last week, the government issued an order to retailers to reduce prices on a range of goods by 30%.
Business owners say the order is a populist political move, and pushing them towards bankruptcy.
Venezuela's consumer protection agency, Sundde, said toy distributor Kreisel had stockpiled the goods and was reselling them at a margin of up to 50,000%.
"Our children are sacred, we will not let them rob you of Christmas," it said in a tweet, along with photos and video of thousands of boxes of toys.
Read more ....
WNU Editor: Here is an easy prediction. If Venezuelan President Maduro (or someone like him) is still in power next Christmas .... fearing a repeat no distributor or store will be stocking toys next year. As for other retailers, the drive to put them out of business continues .... Venezuela orders stores to get into the Christmas spirit (AFP).
More News On The Venezuelan Government Seizing 4 Million Toys To Give To The Poor
Venezuela seizes 4m toys to distribute to poor children as Christmas gifts -- The Guardian
Venezuela seizes 4m toys from Kreisel to give poor children at Christmas -- ABC News Online
Venezuela Seizes Millions of Toys, Accuses Importer of Hoarding -- Bloomberg
Venezuelan president called a 'Grinch' after government toy seizure -- CNN
Venezuela seizes almost 4mn toys to distribute among poor children at Christmas -- RT
3 comments:
I hope they don't overthrow Maduro. He is so much fun to watch flailing about with his weird socialist ideas.
Maybe Danny GLover, Sean Penn & RRH can go to Venezuela and support their man, Maduro.
Everything will finished to be fixed, even badly.(Tristan Bernard)
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