Arab Today, arab today chilean denies president\s involvement in financial scandal
Last Updated : GMT 12:04:57
Arab Today, arab today
Arab Today, arab today

Chilean denies president\'s involvement in financial scandal

Arab Today, arab today

Arab Today, arab today Chilean denies president\'s involvement in financial scandal

Santiago - XINHUA

Chilean government spokeswoman Cecilia Perez Friday denied President Sebastian Pinera is connected with what is considered to be Chile\'s biggest ever financial scandal. The scandal has tainted several partner corporations associated with Chilean mining group Soquimich involving illegal sales of over-valued stocks. Perez said attempts to link Pinera with the scandal are \"sordid and unacceptable.\" Soquimich\'s controlling shareholder Julio Ponce Lerou, responsible for the illegal stock market operations between 2008 and 2009, claimed on Wednesday that Pinera might have also benefited from the transactions. Chile\'s Superintendency of Stocks and Securities has been investigating the case. It will look into administrative contracts Pinera presented on April 24, 2009.

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