translated from Spanish: Banco Itaú joined in lawsuits against Eduardo Frei over his brother’s handling

Banco Itaú-Corpbanca filed a new lawsuit against former President Eduardo Frei Ruiz-Tagle, in his capacity as solidarity debtor, following a loan taken up by his brother Francisco, for the sum of 240 million pesos. According to Radio Bío-Bío, the libel entered on Tuesday to the Court of Appeals of Santiago, through which the financial house requested the appointment of a minister of jurisdiction, since Eduardo Frei holds the quality of ex-Presidente.Al same time, requested that it be appointed decree the seizure of property, with a view to having the debt paid in its entirety. This libel, adds three others faced by Eduardo Frei, due to the mismanagement of his brother with the companies Almadena and Saturno, which alone in legal actions of a civil nature already exceed 5 billion pesos. However, the lost amount would exceed 7 billion pesos. It should be remembered that Francisco Frei signed up to Centro Norte on 16 August for crimes of fraud and forgery, seeking to constitute the “qualified mitigating point” so that in the case of a conviction, it will be reduced to him. In the document that entered the Public Prosecutor’s Office, he indicated that he distorted the fingerprint and signature of the former head of state to obtain money and thus keep the investment vehicles afloat.

Original source in Spanish