Reply #17: British Company Fights for Its Ranch

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The privately owned British company Vestey is fighting to keep a cattle ranch that Venezuela’s government has targeted for expropriation under a land reform programme.

Agroflora, a Vestey Venezuelan subsidiary, said it can prove rightful ownership of the El Charcote ranch in western Venezuela.

Under a Land Law enacted by President Hugo Chavez in 2001, the government can seize land if it deems property is not being used productively for agriculture or was obtained illegally.

Eliezer Otaiza, director of the National Land Institute, said the ranch sits on land previously owned by the government and Vestey has failed to prove it legally acquired all the land.

http://news.scotsman.com/latest.cfm?id=3965356