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Oct
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HUGO is at it again.
CARACAS, Venezuela – President Hugo Chavez ordered the expropriation of Venezuela's largest privately owned steel producer Sunday, the latest in a series of takeovers that has raised concerns among business leaders.
October 31st, 2010 at 7:23 pmThe president said the seizure of Siderurgica del Turbio SA, or Sidetur, is part of his strategy to transform Venezuela into a socialist state.
"I'm announcing the expropriation of Sidetur," Chavez said during his weekly television and radio program, "Hello, President."