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CommentWednesday, March 16, 2005

U.S. Banks Found To Have Helped Pinochet

A US Senate investigation found that major American banks have been helping Chilean dictator Augusto Pinochet hide his money in 125 accounts.

The Senate named Citigroup, Bank of America, and seven other banks.

A Scotsman.com article says:

"The banks allowed Pinochet to use false names, offshore accounts and other deceptions to hide an estimated $13million or more from US examiners and international prosecutors wanting to seize his assets.

Thousands died under Pinochet's military regime in the 1970s and 1980s.

He is also being investigated in Chile over allegations of both human rights abuses and embezzlement of state funds."

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