Chile: fine of 70 million dollars for the former minister of Pinochet

Chile: fine of 70 million dollars for the former minister of Pinochet


Chile: fine of 70 million dollars for the former minister of Pinochet

Ponce is the president of Sociedad Química y Minera (SQM), the world’s largest producer of iodine, lithium and potassium.

Ponce can appeal the fine and says the charges against him are politically motivated.

The Superintendent of Securities and Insurance fined Ponce and seven of his associates for a total of US $ 164 million, the highest fine ever issued by the regulator.

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