VENEZUELA: Officials Battle To Stamp Out Shoe Fraud
Illegally imported shoes entering Venezuela via the ports are at the centre of a crisis over fraud. Hector Vasquez, president of sports company, Nike Inc's (NKE) local subsidiary, claims 75 per cent of all shoes entering the country do so illegally. He is quoted in the local press, El Nacional, saying that illegal imitations make up about 60 per cent of the country's shoe market.
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