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Offshore Leaks Database

Data from
Panama Papers - The Power Players
Close associate of Chilean intelligence agency official

Alfredo Ovalle Rodríguez

Offshore firm invested in mining and food distribution

Related to

Chile

About

Alfredo Ovalle Rodríguez was president of Chile's largest and most important business organization from 2006 to 2008. He was also president of the Chilean National Mining Society (Sonami) from 2005 until resigning in late 2009 following questions raised by the Chilean Center for Investigative Journalism, CIPER, about his longtime ties to the former head of finance for DINA, a secret police force under former President Augusto Pinochet. Ovalle was the link between DINA’s Humberto Olavarría Aranguren, who was his partner in domestic and foreign companies, and former Panama President Guillermo Endara, who had explained the value of incorporating in Panama to Ovalle during the 1960s in New York. Endara helped Olavarría create companies tied to Operation Condor, which involved terrorist attacks on political dissenters, including the 1976 Washington, D.C. car-bomb assassination of a former Chilean ambassador to the United States.

In the data

In 2002, Alfredo Ovalle Rodriguez and Raimundo Langlois Vicuña were given a power of attorney for Sierra Leona SA, a Panamanian company created in 1987. Both men are directors of the Chilean mining group Minera Las Cenizas. They used Sierra Leona to invest in the mining and food distribution sectors in Chile; to receive their dividends from their investments; and to open bank accounts, including accounts at Terrabank in Miami, HSBC Bank in Panama, Bank American Express, Credit Suisse, Multibank and Banco General. Only Credicorp Bank declined opening a bank account, in 2013, after it learned Ovalle was the owner. Both men also own Cibelys SA, a Panamanian company managed by a law firm.

Response

Ovalle did not respond to a request for comment.
This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we release the full structured data connected to the Paradise Papers investigation in the coming weeks.

Disclaimer

There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.

There are legitimate uses for offshore companies and trusts. Read more

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There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.