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Edition: U.S. Article Comments (0) Full Focus Photos of the week Our top photos from the past week. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Springsteen saxophonist Clarence Clemons dies 18 Jun 2011 Obama impersonator cut off at Republican conference 18 Jun 2011 Greeks protest, almost half oppose austerity | 12:49am EDT Missouri River releases step up ahead of rains 18 Jun 2011 Sega attacked, hacker group offers to take revenge 18 Jun 2011 Discussed 72 Republicans to debate, with Romney the frontrunner 47 Weiner tells friends he will resign: NY Times 43 IMF cuts U.S. growth forecast, warns of crisis Watched Airbus' view of flying in the future Mon, Jun 13 2011 Hefner, fiancee split; Schwarzenegger mistress talks Wed, Jun 15 2011 Greeks protest austerity measures Sat, Jun 18 2011 Chile's Pinera vows punishment for credit scandal Tweet Share this Email Print Related News UPDATE 2-Chile La Polar eyes $890 mln to cover bad credit Fri, Jun 17 2011 Volcanic ash threatens Patagonian tourism, sheep Fri, Jun 17 2011 UPDATE 2-Chile La Polar faces criminal credit scandal probe Thu, Jun 16 2011 Polar Capital assets surge as clients return Tue, Jun 14 2011 Chile stocks off 1.5 pct on retail regulation worries Mon, Jun 13 2011 Analysis & Opinion Muni sweeps: California’s first budget veto Yankee Stadium’s conduit-bond boondoggle Related Topics World » SANTIAGO | Sat Jun 18, 2011 11:12pm EDT SANTIAGO (Reuters) - Chilean President Sebastian Pinera vowed on Saturday to track down and punish those responsible for customer credit irregularities at retailer La Polar that shook the stock market this week. The credit scandal is the worst to hit Chile's financial sector in recent years and has exposed signs of strains in the country's demand-driven economic boom. Echoing comments by Finance Minister Felipe Larrain, who said on Thursday a criminal probe would be launched, Pinera pledged his government would seek tough legal action. "We're going to go after the people behind this to make sure they're held responsible and face the penalties they deserve," Pinera said in a speech, saying he would seek fair compensation for consumers affected by the debacle. "It's clear that La Polar has been abusing and failing to respect the rights of customers and debtors," he added. La Polar, which has estimated it will need to set aside an extra $890 million to cover potential losses, has said it will reduce interest payments and fines for customers whose debt was restructured without their consent. The retailer's stock plunged about 40 percent before regulators halted trading last week. (Reporting by Moises Avila; Writing by Helen Popper; Editing by Peter Cooney) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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