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Chile’s Anti-Corruption Efforts: A Plea for Justice
In a significant blow to corporate corruption, the Public Prosecutor’s Office has called for justice against companies and individuals accused of white-collar crimes.
The Charges
According to sources close to the investigation, the plea is accepting the facts as true, pending the court’s decision. The charges stem from Law No 20,393, which governs criminal liability for legal entities. This law lists several predicate offences that can result in criminal liability for companies, including:
- Bribery of public officials
- Money laundering
- Financing of terrorism
- Receipt of stolen goods
- Disloyal management
- Commercial bribery
- Unlawful negotiation
- Misappropriation
- Environmental crimes
The Plea
The plea is seeking penalties that do not exceed five years of imprisonment for the accused individuals and companies. In Chile, sanctions against corporations typically consist of monetary fines, but in severe cases, they can include:
- Dissolution of the legal entity
- Cancellation of its legal status
- Temporary or permanent ban on entering into contracts with state entities
Significance of the Case
This case is significant not only because it highlights the seriousness with which Chilean authorities are treating corporate corruption but also because it sets a precedent for future investigations. The Public Prosecutor’s Office has been working tirelessly to root out corruption and ensure that those responsible are held accountable.
Ongoing Investigation
The investigation is ongoing, and it remains to be seen what the court will decide. However, one thing is clear: Chile is committed to fighting corruption and upholding the rule of law.