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Judge’s Pursuit of Pinochet Funds Could Open Legal Avenues for Asset Forfeitures
By Colby Adams
printA Spanish judge's use of universal jurisdiction in a case involving a bank's alleged role in laundering money for Augusto Pinochet could affect how countries cooperate in prosecuting financial crimes. Madrid-based judge Baltasar Garzon has called on the former wife of the deceased Chilean dictator and three employees of Santiago-based Banco de Chile to pay a $77 million bond as part of the court's investigation into whether the four individuals helped Pinochet launder money internationally, according to Nov. 30 reports by the Associated Press and Reuters. The Spanish court's criminal investigation began in 2007 after the Fundacion de Salvador Allende,...
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