Authorities Seize Almost 4 Million Toys With Hiked Prices

StoryfulPublished: January 13, 20175 views
Published: January 13, 2017

Venezuela seized nearly <a href="" target="_blank">four million pieces of toys</a> during a raid in Caracas on Saturday, December 10.

Authorities said the company, Kreisel, hiked prices of the toys, which it claimed to be second-hand items to be distributed as Christmas toys for the poor.

Superintendent William Contreras said the <a href="" target="_blank">more than three million toys</a> would be sold at low prices.

This video from Venezuela’s consumer protection agency, National Superintendence for the Defense of Socioeconomic Rights, or Sundde, shows boxes of seized toys.

This came a week after the government’s order for retailers to cut prices of goods, a move that some businesses said would push them towards bankruptcy, <a href="" target="_blank"><span class="caps">BBC</span></a> reported.

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