Venezuela seizes plant of U.S. food giant Cargill
March 15, 2012 7:57 pm
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CARACAS, Venezuela -- The government of President Hugo Chavez is seizing temporary control of a pasta-processing plant owned by U.S. food giant Cargill Inc. in Venezuela.
Deputy Food Minister Rafael Coronado says the takeover of Cargill's plant in the coastal state of Vargas was ordered because the company broke regulations on food items subject to government price controls.
Coronado says "there was a clear transgression of the law."
Venezuelan soldiers accompanied government officials as they arrived at the plant today.
Cargill was forced to turn over a Venezuelan rice-processing plant in April following the publication of an expropriation decree that Chavez enacted.
First Published May 15, 2009 12:15 pm
