Julio Ponce Lerou

Julio Ponce Lerou is a Chilean billionaire who is the principal shareholder of Soquimich.[1] He is a former son-in-law of Augusto Pinochet.[1][2] Until 1982 he was president of Chilean state-owned forestry company Complejo Forestal y Maderero Panguipulli while he was simultaneously president of CELCO, a wood pulp company.[2]

Ponce is currently accused of a millionaire fraud and embezzlement that affects the pension funds of millions of Chilean citizens under what is known as the "Cascadas" case.[3][4][5]

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