Inverlink denies responsibility in central bank espionage case

Tuesday, February 4, 2003

Chilean financial group Inverlink denied in a written statement on Monday any responsibility for the alleged theft of sensitive central bank information by its former CEO Enzo Bertinelli.

Pamela Andrada, the secretary of central bank chairman Carlos Massad, has been sacked and put under investigation after she was surprised sending e-mails containing confidential information from Massad's computer to Bertinelli. Bertinelli resigned from Inverlink on Friday before the scandal broke.

Inverlink has been an aggressive player in Chile's financial industry, with subsidiaries offering pension funds, general insurance, health insurance, mutual funds and shares as well as leasing services.

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The group said the case was an isolated incident involving only Bertinelli. "As a result of the situation, Mr. Bertinelli decided to resign immediately from all of his executive functions, in the brokerage arm as well as other companies in the Holding Inverlink where he had a position," the statement said.

Inverlink's subsidiaries include Inverlink Corredores de Bolsa, Inverlink Administradora General de Fondos, Inverlink Leasefactors, Inverlink Hipotecaria, Inverlink Consultores, Inverlink Asset Management and Inverlink USA. The holding also owns 75.5% of private pension fund manager AFP Magister and owns healthcare insurer Vida Plena. Inverlink also plans to request a banking license in April this year.