• Home
  • Articles
  • Bahamas bank accuses Chilean businessman Álvaro Saieh of transferring assets to avoid ‘$27M debt’

Bahamas bank accuses Chilean businessman Álvaro Saieh of transferring assets to avoid ‘$27M debt’

In a discovery application filed at federal court in New York, the Bahamas branch of Brazil-based Itaú Unibanco has accused Chilean businessman Álvaro Saieh of transferring assets to family members to avoid paying his debts, including $27 million allegedly owed to the bank.