Chile fines Pinochet's ex son-in-law Julio Ponce
Source: BBC News
3 September 2014 Last updated at 05:44 ET
Chile fines Pinochet's ex son-in-law Julio Ponce
One of Chile's richest men, Julio Ponce, has been fined $70m (£42.5m) for illegal share trading.
Mr Ponce is the chairman of Sociedad Quimica y Minera (SQM), the world's biggest producer of iodine, lithium and potassium.
He was married to the daughter of Chile's former military ruler, Gen Augusto Pinochet.
Mr Ponce, who can appeal against the fine, says the charges against him are politically motivated.
Record fine
The regulator of the Chilean stock exchange found Mr Ponce, who controls SQM through a series of holding companies, guilty of enriching himself at the expense of other shareholders.
It fined Mr Ponce and seven of his associates a total of $164m, the highest fine the regulator has ever issued.
Read more: http://www.bbc.com/news/world-latin-america-29042478
You probably remember his father-in-law, the late General Augusto Pinochet was the bloody puppet dictator put in place by Richard M. Nixon, Henry Kissinger, and the CIA, after the military bombed the Presidential Palace, and high ranking military officers loyal to the president were murdered, and the elected President was killed.
This happened after Richard Nixon told his CIA head, Richard Helms, "I want the economy to scream" as they worked their plans against Salvador Allende, the LEFTIST president.
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