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Chile’s Pinera Survives Impeachment Motion on Pandora Papers
Posted
November 17, 2021
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1:58Now PlayingChile’s billionaire President Sebastian Pinera dodged an impeachment motion brought after the Pandora Papers revealed a potential conflict of interest in his family’s sale of a mining project stake.
The senate’s support for the motion reached 24 votes on Tuesday, short of the two-thirds -- or 29 votes -- needed to impeach a head of state. The move clears the way for Pinera to finish his term, which ends in March.
Pinera is ending his term with low popularity and scant influence over local politics. It’s the second time he has fended off impeachment during his four-year period. Last week, the lower house of congress voted in favor of the motion on grounds that he violated the constitution through his family’s sale of an indirect stake in a $2.5 billion iron-ore project called Dominga.
The Pandora Papers, a leak in October of about 12 million confidential financial documents, revealed a contract signed in the British Virgin Islands in 2010 that formalized the sale, noting that part of the payment was allegedly conditional on the government not declaring the area a nature reserve.
Pinera was serving his first term as president at the time, and had the last word on any change in status for the zone. He has said his finances were placed in a blind trust when he took office, and that he wasn’t informed of the details of the deal.
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