#CuraumaCase / What is the #CuraumaCase?

What is the #CuraumaCase?

Chile - Since 2013, the "Curauma Case" is more than a private dispute over land plots. It involves the vision of Chilean entrepreneur Manuel Cruzat Infante, who, through his company Curauma S.A., sought to create "Curauma, the New City," the largest real estate project in central Chile since 1990. This project was planned as the natural expansion of Greater Valparaíso, strategically connecting Santiago and Valparaíso, aiming to become a hub for development in the central macro-zone. However, the case reveals a significant antagonist: Euroamerica Seguros de Vida, led by #HenryComber, a prominent figure also accused in October 2024 of orchestrating collusion in Chile’s casino industry. This financial institution, one of the country’s largest insurance companies, allegedly leveraged its influence to manipulate Curauma S.A.'s bankruptcy process, undermining Cruzat’s vision. Comber, whose business dealings have drawn scrutiny for alleged anticompetitive conduct, reportedly played a central role in securing control over Curauma's assets through financial maneuvers involving high-interest rates, which surpassed the legal Conventional Maximum Rate. The Curauma Case, therefore, extends beyond the original development project and uncovers extensive violations of Economic Public Order. The involvement of Euroamerica and Comber implicates a broader array of high-ranking executives, the financial system, trustees, the judiciary, and various authorities. This case underscores a significant social and economic loss, as Greater Valparaíso’s growth has been stalled for over a decade due to these alleged irregularities and conflicts of interest. All legal actions will be pursued, both within Chile and internationally, to ensure that sanctions prescribed by law are applied to the enormous "irregularities" in this case, regardless of the parties involved. These actions are anticipated to encompass individuals from both private and public organizations, as the Curauma Case brings to light a profound impact on economic and legal order in Chile.


Location: Santiago de Chile, Región Metropolitana, Chile

Popular posts from this blog

A Chilean Visionary's Bold Ventures Vindicated by the Digital Economy

Image
  A Chilean Visionary's Bold Ventures Vindicated by the Digital Economy Lo Aguirre. Santiago, Chile. Oct, 2024. Santiago, Chile, October 2024 – The renowned Chilean entrepreneur Manuel Cruzat Infante has reestablished his position in the business world, marked by a strategic land sale in Lo Aguirre to Transelec. Nueva Pudahuel S.A., once known as Sociedad Minera Pudahuel, has undergone a remarkable transformation. Situated just 16 kilometers from the heart of Santiago, the company has shifted from its origins in mining to emerge as a leading innovator in Chile’s technology and energy sectors. Led by renowned Chilean entrepreneur Manuel Cruzat Infante, this evolution positions Nueva Pudahuel as a key player in sustainable development. By integrating clean energy solutions with the expanding digital economy, the company is helping to shape the future of Chile’s growth and global competitiveness. At the heart of this new direction is the Kimal Lo Aguirre project, a landmark endea...
Read more

#CuraumaCase / Fifty Shades of Comber

Image
  Fifty Shades of Comber Mr. Henry Comber, president of EuroAmerica Seguros de Vida and Casino Enjoy. Chile, November 2024 - In recent decades, Henry Comber Sigall, president of EuroAmerica Seguros de Vida S.A., has established himself as a prominent figure in Chile’s business and financial circles. However, his influence and connections have been accompanied by a veil of controversy that raises questions about his ethics and business practices. From collusion in the casino industry to alleged misappropriations and risky investments with pension funds, Comber's career has been tarnished by a series of high-profile scandals. Collusion at Enjoy Henry Comber’s name recently made headlines after the Chilean National Economic Prosecutor’s Office (FNE) filed charges against casino companies like Dreams, Enjoy, and Marina del Sol. The FNE accused these companies and five of their senior executives, including Comber in his role as chairman of Enjoy, of colluding to manipulate licensing bid...
Read more

#CuraumaCase / The Curauma Case

Chile, Oct 2024 -  The #CuraumaCase revolves around the fraudulent bankruptcy forced upon the company Curauma S.A., controlled by entrepreneur Manuel Cruzat Infante. This bankruptcy, widely deemed illegal, constitutes a serious breach of the rule of law and Chile's economic public order. The process was plagued with irregularities and manipulations designed to strip the company of its assets and benefit the lender, Euroamerica Seguros de Vida, along with its controllers, Henry Comber (recently implicated in Chile's Casino Collusion Case for alleged anti-competitive practices) and Nicholas Davis. These actions involved the abuse of judicial mechanisms, manipulation of the case assignment algorithm, and questionable use of legal standards. In 2013, attorney Julio Bustamante Jeraldo, a former director of Curauma S.A., filed for bankruptcy in Santiago despite the company’s legal domicile being in Valparaíso, in clear violation of existing regulations. The filing was based on an a...
Read more