Deputy DC explained that “the conditions in which the President of the Republic’s business would take place could generate possible conflicts of interest, a situation that we recall has already been addressed previously, as happened with the well-known Exalmar case for activities of the President. In that sense , Law 20,880 requires the creation of a declaration of assets and interests, in which Article 7 mandates to declare in turn all sources of possible conflict of interest “.
The deputy of the Christian Democracy, Gabriel Ascencio, officiated at the Office of the Comptroller General of the Republic after the investigation carried out by The bewilderment, in which the millionaire transfers of the Piñera Morel family to tax havens and the reliquidation of taxes made by the Internal Revenue Service are evidenced.
The parliamentarian stated in the text that “in a recent journalistic investigation by ‘El Desconcierto’, a series of commercial operations of related companies. These companies would be Bancard Inversiones Limitada; and, Bancard International Investment; in addition to other companies that belong to the same corporate group such as Inversiones Odisea; Investments The Iliad; Bancorp Administrator; Mediterranean Private Investment Fund; and, Eneida SPF ».
«The particularity of these companies are several, but they stand out mainly because they are all companies whose origin and current owners include Sebastián Piñera Echeñique, President of the Republic, or one of your closest relatives such as children or grandchildren. In addition, these companies have a cascade structure in which one company indirectly controls another, so that decisions in practice are centralized in the same board of directors, “explained Ascencio in the document.
In addition, the head of the DC bank continued to question that “even when a reorganization was carried out, informed by the President himself in his campaign and when he assumed command, to avoid possible conflicts of interest, that it is the children who control the companies relatives related to the Bancard group leaves in question the real independence so that they act in the management of their businesses.
In this context, he added that »the reported situation that the Internal Revenue Service (SII) has audited and reliquidated the taxes owed in a commercial transaction between Bancard Inversiones Limitada (“ Bancard ”) and Bancard International Investment generates reasonable concern. . The latter as it is known es a company indirectly controlled by the President’s children and grandchildren through the company La Ilíada, and which locates its operations in the British Virgin Islands, a recognized tax haven territory used by businessmen in the world to avoid paying taxes for their operations.
«Specifically, it would have been a commercial credit operation (mercantile current account) in which no interest had been agreed, causing the Bancard of national operations to transfer funds to the Bancard of operations in the Virgin Islands, which due to the status of paradise tax cannot be known or audited by the SII. The operation, under these conditionss, it would not have generated taxes for Bancard because there was no interest on which to calculate them, a situation that would have been noticed by the SII as irregular, proceeding to the reliquidation of taxes, “explained Ascencio in the official letter.
In this sense, he remarked that “the same investigation indicates that the operation audited by the SII would be about US $ 96 million, but that in addition to this credit operation, there would be others with the other related companies that would add up to around US$440 millones, which would have been destined fors British Virgin Islands and Luxembourg, another recognized tax haven territory in Europe ».
For this reason, the deputy DC explained that “the conditions in which the President of the Republic’s business would take place could generate possible conflicts of interest, a situation that we recall has already been addressed previously as occurred with the well-known Exalmar case for activities of the President. In this sense, Law 20,880 requires the creation of a declaration of assets and interests, in which Article 7 mandates to declare in turn all sources of possible conflicts of interest.
«In this sense, I ask the Controller supervise and pronounce Regarding the declaration of interests of the President of the Republic, and if it complies with the required standard of probity, declaring among them all those companies to which it belongs and from which a conflict of interest could emanate, such as companies that own their children and who are currently being questioned by the aforementioned press release “, concluded Ascencio.