Tag: Penta Group

• Monday, March 9th 2015 - 07:24 UTC

  Major financial scandal in Chile has several political figures in the dock

  

  A Chilean judge ordered the arrest of Carlos Alberto Delano and Carlos Eugenio Lavin, owners of the financial holding company Penta Group, and four associates who face tax fraud and bribery charges.

• Thursday, February 12th 2015 - 06:18 UTC

  Bachelet under fire because of her son's privileged access to funding for real estate speculation

  

  Chilean President Michelle Bachelet is coming under fire with complaints her family got privileged access to a bank loan for a land deal. Chile’s Que Pasa magazine reported that a company half-owned by Bachelet’s daughter-in-law, Natalia Compagnon, received a 10 million dollars loan from Banco de Chile during the 2013 presidential campaign.