Venezuelan President Nicolas Maduro has defended the seizure of a factory owned by US-based company Clorox.
“Socialist formula: any company that’s abandoned will be taken over by the working class,” Mr Maduro said.
Cleaning products maker Clorox closed its production facilities in Venezuela last week, saying government-imposed price freezes were crippling it.
The Venezuelan authorities have accused Clorox of illegally abandoning the country and have seized its facilities.
“The legal documents in various government and judicial institutions demonstrate the abandonment of their legal and constitutional responsibilities,” Mr Maduro said.
He said the closure of the plant was part of an “economic war” being waged against the socialist government by the opposition.
He warned the working class to be “alert to this new madness”.
Clorox, which sells bleach and other household cleaning products in Venezuela, announced in a statement on 22 September that it would cease its operations there immediately and try to sell its ... Read More