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Weekly Report - 19 March 2015 (WR-15-11)

CHILE: UDI head and mining CEO fall over Pentagate

The Penta scandal is claiming prominent victims in both the political and the business world. Ernesto Silva, the president of the ultra-conservative Unión Demócrata Independiente (UDI), resigned over the illegal campaign-finance scandal on 11 March. The non-metallic mining giant, Sociedad Química y Minera de Chile (SQM), announced the dismissal of its CEO, Patricio Contesse González, in relation to the Penta corruption case five days later. In between President Michelle Bachelet has tabled a number of reforms designed to enhance transparency and accountability and created a ‘presidential advisory council’ tasked with regulating the relation between politics and business and putting forward suggestions to combat conflict of interest, influence trafficking and corruption.

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