55 people arrested on charges of committing the largest tax fraud in Chile's history

teleSUR English

The Chilean Investigative Police (PDI) arrested on Thursday 55 people, mostly businessmen, accused of defrauding the tax authorities of more than US$ 273.6 million, the largest tax loss in the history of the southern country, informed the Internal Revenue Service (SII). teleSUR

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00:00 55 businessmen were arrested on Friday in Chile on charges of masterminding a 270 million

00:05 dollars tax evasion ring.

00:07 In what has been considered the largest tax fraud ever uncovered in the country, Chilean

00:12 police raided on Thursday around 90 houses and seized weapons, money and luxury cars.

00:17 The ring reportedly cheated the state during the last years by means of fake invoices.

00:22 No details have been provided on the identities of the arrested nor the companies involved,

00:27 except that they are medium-sized entities.

00:29 Chile was shaken in 2015 by the so-called "Penta" case, which involved one of the

00:34 most important economic groups in the country and uncovered a deep-rooted illegal practice

00:39 of political financing through the use of some 1,000 invoices for services not rendered.

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