Superintendent and alleged “triangulations” of Piñera: “Everything is within the legal margin”



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The Superintendent of Pensions, Osvaldo Macías, indicated that “there is no irregularity whatsoever, everything is within the legal margin “and that” if someone does not like how the law is, it can always be changed “regarding the complaints of alleged” triangulations “of money by President Piñera through investments with AFPs.

Last week the Chamber of Deputies approved the creation of an investigative commission against the accusations of the company Felices y Forrados (FyF) that points to an alleged triangulation between AFP Habitat and Moneda Asset Management, where it is accused that the President has part of his blind trust in a Moneda fund, which in turn invests in ILC, which participates in the ownership of AFP Habitat. The latter, at the same time, invests in Moneda funds.

In addition, the complaint questioned the role of the Superintendency of Pensions in the alleged transactions.

Macías said that the questions arose in July 2019 as a result of a publication and explained that the Superintendency reviews the investments of the pension administrators on a daily basis.

In Cooperative, the superintendent maintained that “there is no irregularity whatsoever, everything is within the legal margin, if someone does not like how the law is it can always be changed and is debatable, but there is no irregularity and we were in the Chamber of Deputies yesterday and the day before yesterday, in two sessions convened by the Labor Commission and we demonstrated with numbers and an extensive presentation that there are no irregularities. “

“All these situations we knew about, what happens is that they did not reveal any irregularity, but they are situations that are contemplated within the law. The law allows investments that are not direct, but rather indirect, as long as they are not significant, that is, are small in entities that may have in some part of their investment chain an investment in companies related to an AFP and this was the situation that appeared“, he pointed.

And he added that “we knew it, we asked the administrators for more information, in this case to AFP Habitat, and we corroborated as we always think that there was no irregularity. “

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