Tuesday, August 25, 2009

Pinochet's lost millions: the UK connection


From the Sunday edition of UK newspaper the Independent, reporter Hugh O'Shaughnessy tells the story of Pinochet's lost millions:

Two-and-a-half years after the death of General Augusto Pinochet, a report by the Chilean police task force charged with investigating money-laundering has claimed that British authorities and the financial sector were complicit in hiding his massive ill-gotten fortune.

Though the Pinochet family protects the details of its wealth with the help of bankers and advisers from Britain and other countries, the pile of assets in cash, gold, government bonds and shares controlled by the family of the late dictator is now believed to amount to as much as £1bn. Read story