Penta case explained

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[1] of tax evasion, bribery, and money laundering. Both directors of Penta Bank, Carlos Alberto Délano and Carlos Eugenio Lavín, were penalized with paying a fine, spending a few days in a special prison for economic crimes, and attending mandatory ethics classes.[2]

Update 2 December 2015: The former president of the UDI political party Jovino Novoa is sentenced to 3 years parole (pena remitida) for tax crimes.

Here are the defendants from Penta:

Name position sentence
Hugo Bravo general manager was charged in March[3] for money laundering, bribery, and tax fraud. He is currently under house arrest
Carlos Alberto Délano directorcharged 7 March 2015 with tax fraud and bribery. Was held and then released.
director Spent his 73rd birthday in prison.[4]
Oscar Buzeta business development manager charged with tax crimes[5]

Here are the defendants from the SII:

Name position sentence
Ivan Alvarez auditor On March 25, 2015, the court found Ivan guilty and in the holding sentenced him to 5 years of imprisonment; fine in the amount of 1,900 million pesos; and confiscation of an apartment and a car
Sergio Diaz accountant 4 years imprisonment; 700 million fine; forfeiture of two houses and an apartment.
Juan Carlos Prietoaccountant 5 years of probation, 290 million fine
Mitzi Carrasco accountant 5 years of probation, 246 million fine[6]
Hernan Diaz accountant released
Francisco Sivic accountant released[7]
Horacio Mayquelaccountant released
Orlando Carvajal accountant 5 years of probation, $30 million fine

Here are some of the politicians to whom Penta funneled funds.

Name party status
Pablo ZalaquettUDI, former mayor of Santiago released from house arrest[8]
Iván Morerira senator (UDI) no charges[9]

Others charged:

Notes and References

  1. Web site: Condenas en fraude al FUT, la hebra que terminó en el caso Penta: 5 años para Iván Álvarez y 4 para contador Díaz. El Mostrador. 25 March 2015 . 23 July 2015.
  2. Web site: The Chilean Spring (Part Three): How the Elite Tricked Us All . Alborada . 16 November 2021.
  3. Web site: Caso Penta: Este miércoles se revisan cautelares de Hugo Bravo y Manuel Antonio Tocornal. The Clinic. 23 July 2015.
  4. Web site: En prisión: Carlos Eugenio Lavín celebró su cumpleaños número 73 en Capitán Yáber. The Clinic.
  5. Web site: Chaparro. Andrea. Carvajal. Cinthya. Penta-SQM: masiva formalización include a ex gerente de Bancard y ex diputado radical. El Mercurio. 20 August 2015.
  6. Web site: Radic. Sandra. Otro coletazo del Caso Penta: SII quiere sacar a la Dirección Santiago Oriente del estado de riesgo vital y apunta a descongestionarla. 15 June 2015 . El Mostrador. 15 June 2015.
  7. Web site: Batarce. Catalina. Fraude al FUT: este viernes se conocerá la sentencia de tres imputados. La Tercera. 23 July 2015.
  8. Web site: Caso Penta: Corte de Apelaciones revoca arresto domiciliario nocturno a Pablo Zalaquett. Diario Uchile. 23 July 2015.
  9. Web site: Toro. P.. Matus. J.. Fiscalía pide formalizar a 19 personas por casos Penta y SQM. La Tercera.
  10. Web site: Baeza Palavecino. Angélica. Caso Penta: Corte de Apelaciones mantiene arresto domiciliario de Pablo Wagner . La Tercera. 6 May 2015.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Penta case".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.