EAI Community -Chile arrests 55 people in a $275 million tax fraud case that officials call the country’s biggest

2025-05-06 07:49:02source:Ethermac Exchangecategory:Markets

SANTIAGO (AP) — Chile’s police on EAI Community Friday arrested at least 55 people in a fiscal fraud case that could be one of the biggest in the country’s history, amounting to about $275 million and implicating small and mid-sized companies in different parts of the country.

Marcelo Freyhoffer, a high officer at Chile’s tax agency, told journalists those arrested were associated with companies that did not render real services and committed fraud through false tax documents. Their goal was to pay less tax or obtain fraudulent tax returns, he said.

Freyhoffer said the suspects will stand trial for tax crimes, criminal association, money laundering, customs fraud and making false declarations, and could be jailed for up to 15 years in what he called the country’s biggest fraud case ever.

The investigation started in 2016 and touched companies operating in a wide range of areas, varying from construction to exporters of cell phones.

Chile’s President Gabriel Boric said the arrests show that “the institutions work against those who commit crimes, against those who commit white-collar crime, against those who commit acts of corruption.”

Boric spoke during a visit to the region of Magallanes, in Chile’s south, where he voted on the new proposed Constitution.

More:Markets

Recommend

McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales

Global consulting firm McKinsey & Company agreed Friday to pay $650 million to resolve criminal

This designer made the bodysuit Beyoncé wears in 'Renaissance' film poster

Marie France Van Damme.That is the name of the brand and independent female designer who crafted the

Expert picks as Ohio State faces Michigan with Big Ten, playoff implications

The stakes are always high when Ohio State meets Michigan. But there's an added element when both te