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Yarur Real Estate accuses partners of fraud and more than $480 million in damages

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As a result of residential and commercial buildings already operating in Providencia’s Bellavista neighborhood, Yarul’s real estate firm has accused its partners of fraud in excess of P480 million.

The Real Estate Antonio Bellet, Inversiones SB Dos and Inversiones y Rentas Recoleta They sued improper management, irreconcilable negotiations, fraud and losses of P489 million against real estate businessman and partner Alfonso Fuenzalida Calvo. and his wife, Carolina Court, recorded Second.

It is worth mentioning that Antonio Bellet Real Estate caters for a project conceived by Fuenzalida. Fuenzalida told investors in Providencia that he had acquired four of his properties in the Bellavista neighborhood and built residential and commercial buildings already in operation.

The company is now 50% owned by Inmobiliaria JY (affiliated with Empresas JY and Luis Enrique Yarur’s non-financial parent company, including administrators of BCI and Salcobrand), with the remaining 30% owned by Inversiones y Rentas Recoleta. Owned (of the family Bunder).

Fuenzalida and his wife, meanwhile, retained 10%, with the remainder (10%) remaining in Inversiones Petrohué’s hands in connection with Fuenzalida himself and his brother Rodrigo, the complaint states.

Fuenza Reader has been removed from general administration

In this line, the defendant took on an administrator (he was a director, general manager, and attorney). sector. ”, add the document.

However, after allegations regarding his management, On April 27, Fuenzaleada was removed from general control and a review process was initiated when “various operations constituting a crime” were discovered.

These frauds fall into three categories. He lost $4.9 million on free loans to businesses not related to real estate. It hurt investors with $98.4 million in fees.

Source: Biobiochile

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