Chile and Argentina probe alleged bribe case involving Lan and President Piñera

Tuesday, May 24th 2011 - 06:08 UTC

Full article 4 comments

Chilean prosecutors have opened an investigation into an alleged bribe paid to a former Argentine minister by Chile’s flag carrier Lan sometime in 2006/2007 to help with the opening of operations in Argentina. At the time Chilean president Sebastián Piñera was the main share holder of the airline. Read full article

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GeoffWard
More knocking copy about the Chilean President.
The body text is significantly less sensational that the Mercopress headline.

As I read it, LAN paid Argentinean currupt ministers $1.15m (equiv.) for the privilage of doing business in Argentina.

President-elect Sebastián Piñera had 19.03% of Lan stock, via the investment group Axxion. Mercopress makes out that this makes him the main controlling shareholder - likely?
May 24th, 2011 - 12:13 pm - Link - Report abuse 0
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Artillero601
Geoff , you don't understand , that specific transaction is called in the world of business “ Finders fee” , get it?? ;-))))
May 24th, 2011 - 01:09 pm - Link - Report abuse 0
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Marcos Alejandro
Nice job Piñera!
May 24th, 2011 - 02:42 pm - Link - Report abuse 0
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Artillero601
Es el problema del chancho o el que le da de comer ...??
May 30th, 2011 - 07:59 pm - Link - Report abuse 0
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