A weekend round up

Mother Jones has a disturbing piece by Janis Terrugi Page, sister of Frank Teruggi, one of two Americans killed in the aftermath of Chile’s 1973 military coup.  She quotes one of her brother’s last letters from Chile, in which he describes his personal situation as “one of relative safety…as a foreigner, I should have little trouble leaving the country if the situation should ever get so bad that it be necessary.”


The Financial Times has an article on the business dealings of General Augusto Pinochet’s former son-in-law, Julio Ponce, who oversaw the military regime’s privatization program and ended up as director of one of these former state companies, the Sociedad de Química y Minera de Chile (SOQUIMICH), which has become the world’s largest producer of potassium nitrate, iodine and lithium. One of the company’s minority shareholders has charged that more than 100 illegal operations took place between 2009 and 2011, including one in which people with direct ties to Ponce benefitted by over $100 million. He could face a ten-year prison sentence.


Forbes profiled Ponce three months ago, estimating his net worth at $3.3 billion.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.