Chile: Former Pres. Piñera Invested in Peruvian Fishery as Lima Brought Case Against Chile at the ICJ

SANTIAGO, Chile - The Chilean Chamber of Deputies has given the green light to the formation of a commission that will investigate former Chilean President Sebastián Piñera's investments after news emerged that one of his companies invested in a Peruvian fishing business which benefited from a maritime decision in a case involving the two nations.

Piñera, the billionaire businessman who led Chile from 2010 to 2014 on behalf of the center-right National Renewal (and the center-right to right-wing Alliance for Chile coalition), left office with low approval numbers.

When he left the Moneda, the presidential palace in Santiago, he said that he would not be seeking a return to the presidency in 2018 (and he did not seek another term in 2014 as immediate re-election is barred by the Chilean Constitution).

With the electoral campaign season right around the corner,...