A member of the Yarur family, which controls Chile's Banco de Credito e Inversiones SA, has filed a lawsuit against the company's CEO seeking to recover funds that were allegedly withdrawn from his account without authorization, La Tercera reported.
In his lawsuit against BCI chief Eugenio Von Chrismar, Jorge Yarur Bascuñan claims that around 1.00 billion Chilean pesos were withdrawn from his account at BCI without his prior consent.
Yarur Bascuñan's lawyer, Juan Pablo Hermosilla, said the withdrawal is "one of many" illegally approved transfers from his client's account at BCI to U.S. bank accounts belonging to his cousin Daniel Yarur Elsaca, with which Yarur Bascuñan has had several legal disputes.
The lawyer alleges that BCI approved fund transfers from Yarur Bascuñan's account based on email correspondence from "an unauthorized third party, without the necessary signatures."
In its own statement, BCI said compliance with regulations and protocols has always been a top priority for the bank. "We will gather the necessary information to prepare our response and present it before the courts," it added.
As of Jan. 15, US$1 was equivalent to 674.65 Chilean pesos.