ESPACIO PUBLICITARIO
CARACAS, Monday May 27, 2013 | Update
 
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JUDICIARY

Globovisión's main shareholder said to have violated Law on Banks

A legal action was filed Monday with the Attorney General Office

EL UNIVERSAL
Monday May 27, 2013  04:36 PM
Publisher Grupo 6toPoder's Attorney Pedro Aranguren filed on Monday a legal action against Raúl Gorrín, the director of insurance firm La Vitalicia and main shareholder of news TV channel Globovisión, arguing that Gorrín allegedly violated Venezuela's Law on Banks and Other Financial Institutions in purchasing the shares of the TV network.

Aranguren underscored, "We have come before Attorney General Office Luisa Ortega Díaz to request an investigation to determine how Raúl Gorrín, the owner of a financial institution, has bought a media outlet in our country, thus violating Section 12, paragraph 8 of the Law on Banks and Other Financial Institutions."

The attorney stated that the sale of Globovisión to Raúl Gorrín "is void."

"Attorney Ortega Díaz must explain Venezuelans how Conatel (The National Telecommunications Commission) approved the sale and how this law came to be disregarded," he stressed.
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