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(CNN Spanish) - On Tuesday, the Chilean Chamber of Deputies approved the creation of an investigative committee to study the alleged transfers of millionaire funds from President Sebastián Piñera to tax havens made between
2015 and 2016.
As one of the promoters of the measure, the communist deputy Daniel Núñez, pointed out, the objective is to “investigate what is the behavior and the supervisory action of public bodies, the Internal Revenue Service (SII), the unit of financial analysis and the financial markets commission ”. And know if the president of the Republic has made more of these hidden movements.
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The decision was taken after the local media "The Disconcert" said that the president's family made millions of transfers from a company in Piñera to another of his children in the British Virgin Islands.
The information, according to the media, was obtained through "various queries to databases and direct sources of Piñera companies and public bodies."
The government rejected the accusations and pointed out that "there is no basis to justify the formation of said Commission", arguing that, at present, "neither President Piñera nor the members of his family have investment companies established abroad" . They also claim that “all investments, whether local or international, are made through companies incorporated in Chile, taxed in the country and have always complied with
current legislation. "
On the other hand, from the Executive they emphasized that all the assets and other financial assets of the president "are under the administration of blind trusts", a modality where companies are managed by third parties and where the beneficiaries have no knowledge about the investments and profits obtained, also losing the right to intervene in its management.
Sebastian Piñera