Chilean Police Arrest 55 in Record-Breaking $275M Tax Fraud Case

Arrests Linked to Small and Mid-Sized Companies

Santiago, Chile - In a significant fiscal fraud investigation, Chilean authorities have announced the arrest of at least 55 individuals. This case, potentially the biggest in Chile’s history, involves approximately $275 million.

Detainees and their Alleged Scheme

Marcelo Freyhoffer, a high-ranking officer at Chile’s tax agency, addressed journalists concerning the arrests, asserting that those detained were linked to companies with questionable services. The suspects allegedly engaged in creating false tax documents, enabling them to pay less tax or claim fraudulent tax returns. The individuals arrested will face charges including tax crimes, criminal association, money laundering, customs fraud, and making false declarations, with a potential sentence of up to 15 years in prison.

Investigation and Involved Sectors

Chilean Defense Minister, Izkia Siches, revealed how the investigation, which commenced in 2016, touched upon companies in various sectors such as construction and cell phone exporters.

Chilean President’s Response

Regarding these arrests, Chilean President Gabriel Boric stated that “the institutions are working against those who commit crimes, against those who commit white-collar crime, and against those who commit acts of corruption.”

Parallel News: Paraguayan Military Officials Arrested in $9-Figure Arms Trafficking Bust

High-Ranking Military Officials Detained

Aside from the Chilean news, Paraguayan authorities announced the detainment of three high-ranking military officials in a $9-figure arms trafficking operation. The case remains under investigation.