MEXICO CITY (Sputnik) – Almost four million toys have been confiscated, SUNDDE said on Twitter, adding that the company is abusing its market position and that its speculative profit margin is estimated at between 16.9 and 57.4 percent.
#EnFotos Alrededor de 4 Millones de juguetes acaparados por Kreisel en Caracas. pic.twitter.com/ZEncfrLq8Y
— Sundde (@sundde_ve) December 9, 2016
The toys will now be sold by the Venezuelan government at lower prices.
According to SUNDDE, Kreisel has been hoarding toys since 2009.
Two of the company’s managers were arrested on Friday.