Chilean Court Convicts Former Sports Minister of Using Information that Violates Stock Market Rules

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By NAYARA BATSCHKE SANTIAGO (AP) — A Chilean court on Wednesday convicted businessman and former sports minister Gabriel Ruiz-Tagle of insider trading while he was a member of the board of directors of a soccer club, prosecutors said. Ruiz-Tagle was the South American country's first sports minister after the ministry was created in 2013 during former President Sebastián Piñera's first term, but the events under trial occurred after his public s…

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The Criminal Oral Court handed down a punitive verdict against Gabriel Ruiz-Tagle for the sale of White and Black shares with privileged information, in 2018, when he was director of the company that administers Colo Colo, which he also presided over. “For us, the outcome of the verdict is satisfactory. The Criminal Oral Trial Court, the fourth court, has decided to convict Mr Gabriel Ruiz Tagle for a crime covered by the Securities Market Act, …

ciperchile.cl

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The Supreme entry reactivated judge Sabaj's removal notebook; Gendarmería extends new security measures to regions; they condemn Gabriel Ruiz-Tagle for using insider information and José Zara returns to prison was first published in CIPER Chile.

desenfoque.cl

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On September 10th, the former president of Blanco y Negro, Gabriel Ruiz-Tagle, will hear the sentence to which he was convicted by the 4th Court of Oral Judgment in Criminal Matters, for the crime of using inside information in operations of actions of Colo Colo. The events go back to May [...] The entry Condemns Ruiz-Tagle for inside information was first published in Desenfoque.cl.

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The High Complexity Prosecutor's Office reached a conviction verdict against the former president of Blanco y Negro for a stock exchange crime.

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The former Minister of Sports and Helmets of Blanco y Negro will be sentenced for his irregular sale of shares in the Cacique, for which he obtained $1.2 billion pesos. Once again, the name of Gabriel Ruiz-Tagle rounds again in Colo Colo and not for positive things. In the midst of the oral trial he has against him for irregularities in the sale of shares of the White and Black concessionaire, sentence was handed down. According to the Public Pr…