Fugitive Businessman Charged With Fraud by Chilean Court: DF
(Bloomberg) -- Grupo Arcano founder, Alberto Chang, was charged in absentia, Diario Financiero says.
- Santiago court charged him with fraud, money laundering and violation of banking laws
- Judge requested extradition of Chang from Malta
- NOTE: Prosecutors earlier said that Malta had revoked Chang’s citizenship
- NOTE: Chang’s mother was arrested last week as she tried to leave the country for Malta and is now under house arrest
- NOTE: Grupo Arcano offered investors returns of up to 2.5% a month
- NOTE: Grupo Arcano took about $240m deposits from investors, of which $85m to $100m is allegedly missing, prosecutors said
- Click here to see the original story in Spanish
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HALISTER1Source: BFW (Bloomberg First Word)
Tickers 1312098D CI (Grupo Arcano)
People Alberto Chang-Rajii (Grupo Arcano)
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