Chile ex-president’s daughter-in-law found guilty of tax evasion

Michelle Bachelet, Chile president, Daughter in law of president, world news, indian express, latest news FILE PHOTO: Natalia Compagnon (R), daughter-in-law of former Chilean president Michelle Bachelet, sits at court in Rancagua city, south of Santiago, January 29, 2016. (Reuters)

The daughter-in-law of former Chilean president Michelle Bachelet is facing four years’ imprisonment after she was found guilty on Wednesday of tax evasion by a court in the southern city of Rancagua.

Natalia Compagnon was convicted after an investigation that lasted several years and was seen as having dented Bachelet’s reputation and hampered her attempts to push a reformist agenda through a divided Congress.

Compagnon was investigated in what became known as the Caval Case, after her real estate firm Caval Export and Management Ltd, for issuing false tax declarations, submitting fraudulent invoices and misrepresenting her income.

She was found guilty of tax evasion between 2012 and 2015, according to the court. Prosecutors have asked for her to be jailed for four years and fined the equivalent of 300 per cent of the $165,400 taxes evaded.

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