UPDATE 1-Chavez demands Venezuela TV station be punished

* Chavez may personally act against Globovision

* Station executive will be charged after police raid

* Small, independent station takes anti-government line

(Adds charges against TV executive, Toyota threat)

CARACAS, May 28 (Reuters) - Venezuelan President Hugo Chavez threatened on Thursday to personally take action against an anti-government TV station if the nation's authorities do not punish the channel, which expects to be closed.

Separately, prosecutors said the president of the station, Globovision, will be charged for illegally storing new Toyota vehicles after one of his properties was raided by police last week in case he says is politically motivated.

Chavez, who has stepped up pressure on private industry and the political opposition in recent weeks, previously said that Globovision's editorial line had to change.

"If what has to happen does not happen in the correct institutions then I will have to act like I have had to on previous occasions," Chavez said on state television.

Two years ago Chavez refused to renew the license of Venezuela's largest private television station, which was implicated in a brief coup against him. That provoked international criticism and anger in Venezuela but did not dent his popularity.