Chile Arrests 51 Businessmen in Historic Tax Fraud Case

Chilean authorities arrested 51 businessmen and women in what could be the biggest tax evasion case the country has ever seen.

The arrests were made Thursday as part of an investigation into tax frauds that could amount to more than 240 billion pesos (around $275 million), according to local TV station 24 Horas. The arrested are under investigation for illicit association, customs fraud and money laundering. They allegedly created more than 100 shell companies to issue about 100,000 fake invoices which would be used to lower their own tax bills.

This comes at time that the government is trying to ...