HALISTER1: Fugitive Businessman Charged With Fraud by Chilean Court: DF

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
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1312098D CI (Grupo Arcano)

People
Alberto Chang-Rajii (Grupo Arcano)

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