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Meaning of caval by John Rene Plaut




John Rene Plaut Image
John Rene Plaut

caval
  50

CAVAL In Chile, a company of the son and daughter-in-law, Natalia Compagnon, of former president Michelle Bachelet who caused great scandal for corrupt activities related to the conversion of rural land into urban and a charge for fraud in the sale of land in the commune of Machalí, about 100 kms . south of Santiago. In these operations Was involved Andronic Lucsic the largest shareholder of the Bank of Chile and financier of Bachelet's presidential campaign, which awarded him a million-dollar credit of $6. 500 . 000 . 000 for the purchase of the land from CAVAL, a company with a negligible equity. Bachelet stated "I heard from the press" phrase that caused a lot of hilarity and smear in the population, which has endured over time.

  

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