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Chile Fights Off Creeping Crisis as Graft Accusations Escalate

Chile, Latin America’s wealthiest nation, lauded for its probity and economic management, is confronting corruption scandals snaring businessmen and politicians from both sides of the political divide.

The scandals have dominated the national press and caused some to contend that the country is going through one of its most significant crises since the return to democracy in 1990. On Wednesday, the Brazilian bank BTG Pactual said in a report that, due to the misconduct, the Chilean government’s political agenda was “fractured beyond repair.”