Updated December 12, 2016 00:18:11
Poor children in Venezuela will this Christmas be given nearly 4 million toys seized from a toy company accused of illegally jacking up prices, the Government says.
The country’s fair pricing authority took the toys from three warehouses run by Kreisel, Venezuela’s largest toy distributor, on Friday.
Two company executives have been detained on suspicion of promoting price speculation.
External Link: sundde tweet: “Mountains of toys toy giant Kreisel in Guarenda, Miranda state”
Agency director William Contreras alleged that Kreisel underreported its inventory in order to sell some toys at higher prices.
Kreisel has not directly responded to the action taken by the embattled socialist government, …