Globovisión's main shareholder said to have violated Law on Banks
A legal action was filed Monday with the Attorney General Office
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.
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.