Venezuelan supermarket owner fights state takeover

February 19, 2015 4:49 PM

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CARACAS (Reuters) - The U.S.-based owner of a supermarket chain taken over by Venezuela's socialist government hopes to recover his business despite accusations of hoarding goods to inflate shopping lines.

State food company Pdval took temporary control of the 35-store "Dia Dia" (Day by Day) chain earlier this month as part of a crackdown by President Nicolas Maduro's administration on businessmen accused of fomenting an "economic war."

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