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Penta Case
The Penta case (or Penta- SQM, since the two cases are related) is a criminal case brought against Grupo Penta (or Empresas Penta), a Chilean holding company, and employees of the Chilean National Tax System (SII). Key employees of the firm have been convicted of committing tax fraud by creating fake invoices in the National Tax System (SII). These funds were then directed to the political campaigns of mainly UDI (far right wing) politicians as campaign contributions. Several Penta employees, as some of their family members, have been convicted of tax evasion, bribery, and money laundering Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions .... Both directors of Penta Bank, Carlos Alberto Délano and Carlos Eugenio Lavín, were penalized with paying a fine, spending a few days in a specia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sqm Case
Sociedad Química y Minera de Chile ( SQM) is a Chilean chemical and mining company, who mines lithium and makes fertilizer and other chemicals. The company is currently under indictment and investigation for diverting funds to different politicians in Chile. The SQM Case is closely related to the Penta Case, since defendants from both cases overlap and it is the same type of crime. So it's also called the Penta-SQM Case. So far, 6 defendants have been charged. This case includes tax fraud and violations of political campaign laws. Different persons, either politicians or their advisers or even family members, created fake invoices which SQM then paid. It is alleged that those who created these fake invoices then passed those funds onto political parties in violation of campaign finance laws. So they were acting on behalf of the politicians, without the politicians being involved directly. As to whether those funds bought any favors from the politicians for SQM, so far that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax-fraud
Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains than the amounts actually earned, overstating deductions, using bribes against authorities in countries with high corruption rates and hiding money in secret locations. Tax evasion is an activity commonly associated with the informal economy. One measure of the extent of tax evasion (the "tax gap") is the amount of unreported income, which is the difference between the amount of income that should be reported to the tax authorities and the actual amount reported. In contrast, tax avoidance is the legal use of tax laws to reduce one's tax burden. Both tax evasion and tax avoidance can be viewed as forms of tax noncompliance, as they des ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Independent Democratic Union
The Independent Democratic Union (''Unión Demócrata Independiente'', UDI) is a conservative and right-wing political party in Chile, founded in 1983. Its founder was the lawyer, politician and law professor Jaime Guzmán, a civilian allied with Augusto Pinochet. Guzmán was a senator from 1990 until his murder by communist guerrillas on April 1, 1991. Its ideological origins date back to Guzmán's Guildist Movement, born out of the Pontifical Catholic University of Chile in 1966, espousing the independence and depoliticization of intermediate bodies of civil society. The UDI is today a conservative political party with strong links to the Opus Dei, that opposes abortion in nearly all or all cases. UDI has for most of its history formed coalitions with National Renewal (RN) and other minor movements under different names such as; Participación y Progreso (1992), Unión por el Progreso de Chile (1993), Alliance for Chile (1999–2009, 2013), Coalition for Change (2009–2012) a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bribery
Bribery is the Offer and acceptance, offering, Gift, giving, Offer and acceptance, receiving, or Solicitation, soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty. With regard to governmental operations, essentially, bribery is "Corrupt solicitation, acceptance, or transfer of value in exchange for official action." Gifts of money or other items of value which are otherwise available to everyone on an equivalent basis, and not for dishonest purposes, is not bribery. Offering a discount or a refund to all purchasers is a legal rebate (marketing), rebate and is not bribery. For example, it is legal for an employee of a Public Utilities Commission involved in electric rate regulation to accept a rebate on electric service that reduces their cost for electricity, when the rebate is available to other residential electric customers. However, giving a discount specifically to that employee to influence them to loo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pablo Zalaquett
Pablo Antonio Zalaquett Said (born 9 July 1963) is a Chilean business administrator, lobbyist, and former mayor of the communes of Santiago and La Florida and member of the Independent Democratic Union. Eisenhower Fellowships Eisenhower Fellowships is a private, non-profit organization created in 1953 by a group of prominent American citizens to honor President Dwight D. Eisenhower for his contribution to humanity as a soldier, statesman, and world leader. The organiza ... selected Pablo Zalaquett in 1999 to represent Chile. References 1963 births Living people Chilean people of Palestinian descent Chilean businesspeople Independent Democratic Union politicians Mayors of Santiago Mayors of La Florida, Chile 20th-century Chilean lawyers 21st-century Chilean lawyers Pontifical Catholic University of Chile alumni University of Navarra alumni Chilean lobbyists {{Chile-politician-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sebastián Piñera
Miguel Juan Sebastián Piñera Echenique OMCh (; born 1 December 1949) is a Chilean billionaire businessman and politician who served as president of Chile from 2010 to 2014 and again from 2018 to 2022. The son of a Christian Democratic politician and diplomat, he studied business administration at the Pontifical Catholic University of Chile and economics at Harvard University. He had an estimated net worth of 2.8 billion dollars in 2019 according to ''Forbes'', making him one of the richest people in Chile. A member of the liberal-conservative National Renewal party, he served as a senator for the East Santiago district from 1990 to 1998, running for the presidency in the 2005 election, which he lost to Michelle Bachelet, and again, successfully, in 2010. As a result, he became Chile's first conservative president to be democratically elected since 1958, and the first to hold the office since the departure of Augusto Pinochet in 1990. Following the social unrest th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal History Of Chile
Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its precise definition a matter of longstanding debate. It has been variously described as a science and as the art of justice. State-enforced laws can be made by a group legislature or by a single legislator, resulting in statutes; by the executive through decrees and regulations; or established by judges through precedent, usually in common law jurisdictions. Private individuals may create legally binding contracts, including arbitration agreements that adopt alternative ways of resolving disputes to standard court litigation. The creation of laws themselves may be influenced by a constitution, written or tacit, and the rights encoded therein. The law shapes politics, economics, history and society in various ways and serves as a mediator of relations between people. Legal systems vary between jurisdictions, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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