A Chilean judge ordered the arrest of Carlos Alberto Délano and Carlos Eugenio Lavín, owners of financial holding company Penta Group, and four associates who face tax fraud and bribery charges.
Penta officials have been accused of issuing fake invoices, evading taxes, falsifying statements and illegally financing the electoral campaigns of candidates from the right-wing opposition party Independent Democratic Union, known as UDI, with which Mr. Délano and Mr. Lavín had close ties, according to the New York Times.
The Penta holding company is one of the country’s largest economic groups, with multi-million investments in the banking sector, insurance, pension funds, health care institutes and real estate agencies.
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