SANTIAGO (Reuters) - The son of Chilean President Michelle Bachelet resigned as head of her charitable foundation on Friday and asked for forgiveness for a bank-loan scandal that has tarnished the government's image, though he denied doing anything illegal.
Sebastian Davalos and his wife Natalia Compagnon are accused of using their political connections to get privileged access to a bank loan worth around $10 million to buy land on behalf of a company that Compagnon half owns.
16:38 Swift Energy completes $40 million sale of Louisiana asset10
03:00 Carrier incentives stir debate over 'rewarding' offshoring13
23:15 Howard Schultz stepping down as Starbucks CEO; current COO to replace him15
21:23 Princess Cruises to pay record-breaking criminal fine for ocean pollution16