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Ex-Codelco manager testifies as suspect in overstated production probe
🇨🇱 Chile /Economy & Trade

Ex-Codelco manager testifies as suspect in overstated production probe

From Cooperativa · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Under investigation
  • The former manager of Codelco's Budget and Management Control, César Márquez, testified as a suspect in an investigation into overstated copper production.
  • The investigation concerns the alleged overestimation of 27,000 tons of copper production in 2025, which may have led to the improper payment of bonuses.
  • Márquez is the first individual to testify in the criminal probe, which is examining potential fraud, falsification of public documents, embezzlement, and disloyal administration.

César Márquez, the former manager of Budget and Management Control at Codelco, appeared before prosecutors as a suspect in an ongoing investigation. The probe centers on allegations of an overestimation of copper production by 27,000 tons during 2025.

Márquez, an industrial civil engineer, is the first person to testify in the criminal inquiry led by the O'Higgins Regional Prosecutor's Office. This investigation is looking into potential offenses including fraud against the treasury, falsification of public documents, embezzlement of funds, and disloyal administration.

The case aims to determine criminal responsibility for the manipulation of production figures at the state mining company. Such manipulation allegedly resulted in the payment of bonuses to both regular employees and senior executives. The Public Ministry is scrutinizing these alleged financial irregularities.

DistantNews Editorial

Originally published by Cooperativa in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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