Venezuela Goes After Private Companies as Shortages Mount
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Venezuelan officials arrested a second retail executive in two days, accusing their companies of hoarding goods and fixing prices, as President Nicolas Maduro responds to mounting shortages and the lowest support in two decades.
Officials detained the owner of Dia a Dia supermarket chain and took over the company’s stores, National Assembly President Diosdado Cabello told state television last night from one of the 35 occupied shops. On Feb. 1, police detained the chief executive officer of Farmatodo C.A., which runs almost 200 drug stores across Venezuela and Colombia.