Venezuelan government confiscates almost four million toys

The Venezuelan government's Bureau of Fair Prices (SUNDDE) announced on 9 December 2016 it confiscated almost four million Christmas toys from toy company Kreisel, which the SUNDDE accused of hoarding and marking up prices. SUNDDE President William Contreras stated the toys had been hoarded for over three years at three Kriesel warehouses (La Patilla). Contreras also announced that two Kreisel executives were arrested and that the Venezuelan government will distribute the Christmas toys to poor children (El Nacional).