IBOV 183,476.86 ▼ 0.27% IPSA 11,255.90 ▼ 0.39% IPC MEX 64,992.23 ▲ 1.13% MERVAL 2,893,751 ▼ 1.57% COLCAP 2,584.72 ▼ 0.95% BVL PERÚ 59,934.37 ▲ 1.27% USD/BRL5.19▼ 0.12% USD/MXN17.68▼ 0.27% USD/CLP960.63▼ 0.27% USD/COP3,293▲ 0.20% USD/PEN3.39▼ 0.67% USD/ARS1,525▲ 0.30% USD/UYU40.21▲ 3.50% USD/PYG5,870▲ 2.23% USD/BOB12.17▲ 2.05% USD/DOP59.35▲ 0.25% USD/CRC450.87▲ 2.53% USD/GTQ7.64▲ 3.22% USD/HNL26.85▲ 0.31% USD/NIO36.62▲ 2.66% USD/VES853.52▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.77▲ 2.72% EUR/BRL5.91▲ 0.63% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 183,476.86 ▼ 0.27% IPSA 11,255.90 ▼ 0.39% IPC MEX 64,992.23 ▲ 1.13% MERVAL 2,893,751 ▼ 1.57% COLCAP 2,584.72 ▼ 0.95% BVL PERÚ 59,934.37 ▲ 1.27% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Saturday, September 26, 2026

Chile Latin America

Chile’s Marathon SQM Case Ends in a 4,356-Page Acquittal

By · August 12, 2026 · 6 min read

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Chile · Justice

Key Facts

  • Full acquittal All eight defendants, including politicians Pablo Longueira and Marco Enríquez-Ominami and former SQM general manager Patricio Contesse, were cleared on October 22, 2025.
  • Massive ruling The written judgment runs 4,356 pages — so large it reportedly caused upload problems in the judiciary’s own computer systems due to file size and signature-processing issues.
  • Appeal window Chile’s Public Ministry (prosecutors) has 30 days from formal notification to decide whether to file a recurso de nulidad (annulment appeal).
  • Case origins The investigation into alleged illegal campaign financing began in 2014 and dragged on for over a decade.
  • Not about lithium Despite SQM’s global profile as a lithium miner, this criminal case concerns political funding, not mining contracts, Corfo, or Tianqi.
  • Notification delay The written sentence was formally notified only after the October acquittal, with the court struggling to finalize and deliver the document.

The real story here is not guilt or innocence, but how a single corporate political-financing scandal can consume a decade of Chile’s legal system — and what that means for anyone watching how the country holds power to account.

If you have followed Chile’s business or political scene, you know SQM. Lithium made it a global star, but the company was also central to a long criminal case.

The written judgment is finally out. The saga may not be over yet.

The ruling is a 4,356-page document from Santiago’s 3rd Oral Criminal Court. It was formally notified after the October 22, 2025 acquittal of all eight defendants.

Prosecutors are still deciding whether to appeal. Legal uncertainty could stretch even further.

A government building flying the Chilean flag.
A 4,356-page verdict closes one of Chile’s longest graft cases. (Photo: Carlos yo, CC BY-SA 4.0)
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What the SQM case ruling actually says

The written judgment is the formal record of the court’s decision. It clears everyone involved.

That includes Pablo Longueira, a former presidential candidate and minister. It also covers Marco Enríquez-Ominami, a former congressman and three-time presidential hopeful.

Patricio Contesse, SQM’s former general manager, is included too.

The court found no criminal liability for the alleged illegal campaign financing. That financing triggered the investigation back in 2014.

The document is over four thousand pages. Its sheer size made the notification process a small ordeal.

Reports indicate the judiciary had trouble uploading the file. Its size and signature-processing glitches caused the issue.

That is a fitting end to a case marked by delays. Procedural battles and an endless paper trail defined it from the start.

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Market cap$19.11B
Revenue (TTM)$6.73B
P / E ratio13.8
Profit margin20.6%
Return on equity21.8%

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Why the appeal window matters now

The Public Ministry, Chile’s prosecutorial body, has not closed the door. It said it is reviewing the sentence to decide on a recurso de nulidad.

That is an annulment appeal challenging the trial’s legal validity, not the facts. The filing window is 30 days from notification.

A decision is expected within weeks. For the defendants, the acquittal is a full stop — for now.

An annulment appeal could reopen the case. It would go to a higher court and potentially force a retrial.

That would extend a legal saga that already outlasted two Chilean presidential terms. It has tested public patience.

If prosecutors drop the matter, the case ends quietly. If they appeal, the political and legal noise resumes.

The bigger picture for Chile’s political finance rules

This case is not about lithium. Keep that separate.

SQM is a major global producer of the metal. Its contracts with Corfo and shareholder disputes with Tianqi have made headlines for years.

The criminal case was always about something else. It concerned how money flowed into political campaigns.

The question was whether that flow broke the law. The investigation emerged from a broader scandal over corporate donations to politicians.

That practice was later restricted by law. For a reader living in or invested in Latin America, this matters.

It is a rare, concrete test of how courts handle white-collar political finance cases. A decade-long prosecution ending in full acquittal sends a signal.

That signal may be about weak evidence or overzealous prosecution. It depends on who you ask.

Either way, it shapes the risk calculus for companies and politicians in Chile.

What happens next for the defendants and the case

For Longueira, Enríquez-Ominami, and Contesse, the acquittal clears their names in criminal court. The reputational shadow of a decade-long investigation does not vanish overnight.

Longueira and Enríquez-Ominami have both had national political profiles. Contesse was the public face of SQM during the years in question.

None of them face immediate legal consequences. That holds unless the annulment appeal succeeds.

For observers, the practical takeaway is simple. Wait for the 30-day window to close.

If the Public Ministry stays silent, the case is done. If it files the appeal, expect another round of legal analysis and headlines.

Either way, the SQM case ruling is now public record. All 4,356 pages of it will be cited in Chilean legal circles for years.

Frequently Asked Questions

Who were the defendants in the SQM case?

Eight people were acquitted, including former presidential candidate Pablo Longueira, former congressman Marco Enríquez-Ominami, and former SQM general manager Patricio Contesse. The others have not been widely named in initial reporting.

What was the case about?

The case, which began in 2014, alleged illegal campaign financing linked to SQM. It was not related to lithium mining, Corfo contracts, or the Tianqi shareholder dispute.

Can the prosecutors still appeal?

Yes. The Public Ministry has 30 days from formal notification of the written judgment to file a recurso de nulidad (annulment appeal).

It has said it is reviewing the decision but has not yet announced a final choice.

Sources: Santiago 3rd Oral Criminal Court; La Tercera; CIPER, 2025–2026.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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