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Maduro government 'occupies' Venezuela electronics chain [View all]
Source: Reuters
Maduro government 'occupies' Venezuela electronics chain
BY DEISY BUITRAGO AND ANDREW CAWTHORNE
CARACAS Sat Nov 9, 2013 8:47am EST
(Reuters) - Venezuela's President Nicolas Maduro has ordered the "occupation" of a chain of electronic goods stores in a crackdown on what the socialist government views as price-gouging hobbling the country's economy.
Various managers of the five-store, 500-employee Daka chain have been arrested, and the company will now be forced to sell products at "fair prices," Maduro said late on Friday.
State media showed soldiers in one Daka shop, some checking the price tags on large flat-screen TVs.
"We're doing this for the good of the nation," said Maduro, 50, who accuses wealthy businessmen and right-wing political opponents backed by the United States of waging an economic "war" against him.
[font size=1]-snip-[/font]
BY DEISY BUITRAGO AND ANDREW CAWTHORNE
CARACAS Sat Nov 9, 2013 8:47am EST
(Reuters) - Venezuela's President Nicolas Maduro has ordered the "occupation" of a chain of electronic goods stores in a crackdown on what the socialist government views as price-gouging hobbling the country's economy.
Various managers of the five-store, 500-employee Daka chain have been arrested, and the company will now be forced to sell products at "fair prices," Maduro said late on Friday.
State media showed soldiers in one Daka shop, some checking the price tags on large flat-screen TVs.
"We're doing this for the good of the nation," said Maduro, 50, who accuses wealthy businessmen and right-wing political opponents backed by the United States of waging an economic "war" against him.
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/2013/11/09/us-venezuela-economy-idUSBRE9A808C20131109
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