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The daughter of former President Eduardo Frei Ruiz-Tagle, Magdalena Frei Larraechea (45), spoke about the state of which her father was a victim at the hands of his uncle, Francisco Frei, who in August of last year reported himself to the Prosecutor’s Office for the falsification of the signature and fingerprint of the former President.
According to antecedents compiled by Third, Frei’s second daughter met with the chief prosecutor of the local Santiago Centro prosecutor Francisco Jacir on December 18, 2019, at which point she gave a statement to the Public Ministry for about three and a half hours.
“My father has always been a correct person, very orderly in his expenses, without debts, who dedicated himself to saving many years, which he lost due to the actions of Francisco, being forced to a tremendous media and judicial exposure that causes even more damage Francisco has had a very ostentatious life all these years, which now we realize that he was abusing and at the expense of my father, and that it is not something real or a product of his professional actions. In the same way, his collaboration with we have been practically nil, it has not faced anyone and we have had to do it, “he said.
“At the beginning of July 2019, Francisco approached my father to request cash, as he was going through significant financial difficulties, stressing that it had to be cash. Given that, my father asked his brother to I gave him the balance sheet and accounting reports of the company Inversiones Saturno for the year 2018, because to date, he had not done it yet “, says the statement he accessed The Third PM.
He added that “my father told me about how strange this situation was, because it was the first time that it had happened in this way, which is why, in addition to telling me that he would not lend him any money, when reviewing the accounting report that Francisco gave him, he could notice for the first time a bank debt with Banco Security, an issue that should not exist, since this company (Saturn) did not have the purpose of doing business, billing, offering services, but only managing its capital, which is made up of money and real estate”.
Magdalena told the prosecutor that after this event, she requested information from her uncle about the financial management of Inversiones Saturno. He acknowledged that “communication with him in these first days of the first half of July was quite difficult, because it was difficult for me to communicate with him and even more so, for him to give me the information I requested.”
He assured that Francisco “was very elusive, telling me that he would deliver what I requested in a few days, that he was busy in other matters, etc. It was like that, that with the passing of the days and as he gradually obtained more information, it is that We began to realize that the situation of the company was not what Francisco indicated “.
He said that due to the refusal of his uncle to deliver the accounting information, they decided to revoke the powers of the company and appoint a new administration. “Once the decision was made to revoke the powers of attorney and without even knowing the real magnitude of what we were facing, I informed Francisco of the determination we have made, and that ultimately he is going to stop being the general manager of the company, before which he was surprised and even pointed out to me that this for him was a demonstration of an incredible lack of confidence towards himself, victimizing himself, a matter now striking, given what has been discovered and the abusive way he had of exercising management of society, and especially, of lacking the trust that my father placed in him. “
The commercial engineer realized that “the debts contracted by the company were very high, that this had come from many years ago, that there was forgery of my father’s signatures, operations with different factoring, constitution of mortgages, emptying of current accounts and use of cash that was not returned, etc “.
Meetings with banks
After the accounting audit was completed, and upon realizing the state of the assets, the daughter of the former President began meetings with the banks, where she noticed how Francisco was operating before these entities. “Everyone pointed out to me that I was explaining to them that society was ready to receive donations from abroad in favor of my father or the Frei Foundation, but that they were delayed and that is why I had no money at the time. Given that, I want to point out that It is not effective that the company Inversiones Saturno receives or has received, from what I have been able to know currently, donations from abroad. In fact, the foundation has not received them for a long time either. It was only in my opinion, one of the ways of acting as Francisco before the different institutions, to convince them to approve what he requested, abusing in addition to the surname and especially, the position and trajectory of my father “.
“He (Francisco) took advantage of the fact that my father did not attend to this matter, due to the position he held (President of the Republic). As the years went by, little by little he increased his actions, increasing the amounts of money abducted, taking advantage of various circumstances, such as the death of Álvaro Santa Cruz in 2016, after a long cancer and Alberto Coddou’s illness, who since 2016 has been practically unable to leave his home “.
He added that “we have discovered such incredibly abusive situations, such as that a company called Dominus Capital, which was contacted by Francisco to obtain financing, had in its possession a personal history of my father, such as a copy of his identity card and a copy of his tax returns. taxes, those that had been delivered to them by Francisco, something that my father in turn, never authorized and in fact did not know “.
“Only the debts contracted by Inversiones Saturno reach approximately $ 1,400 million, which must be added to the money extracted and the remaining obligations for which it forced the company and my father. In fact, Francisco mortgaged two lands located in Valle Escondido to guarantee a personal credit from him, for which he held a false shareholders’ meeting, acting by proxy in people who were never granted such power, such as himself and his son (my first cousin Nicolás Frei Parada) ” , ended.
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