Chile: Chilean Billionaire’s Fishing Company Charged in Bribery Case

Author(s): Eduardo Thomson | Date: October 3, 2016 | Language: English
Source: http://www.bloomberg.com/ | URL: https://goo.gl/LpOZkd | Type: Text

A Chilean court charged Corpesca SA, a fishing company controlled by billionaire Roberto Angelini, with facilitating bribes to lawmakers as they debated a 2012 law that gave it rights to fish for free along the country’s coasts for at least 20 years.
Two congressmen and a minister of former President Sebastian Pinera have been charged or are under investigation in the case, as well as the former CEO of the company. If found guilty, the court is entitled to close down Corpesca.
The sentence “could range from fines to dissolving the company,” Julio Contardo, one of the prosecutors carrying the case, said in comments carried by CNN Chile on Monday. Corpesca’s lawyer Waldo Bown rejected the accusations that the company failed to set up systems to prevent the payment of bribes, according to CNN Chile.

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