Rolf Lüders

Rolf Lüders Schwarzenberg (born October 1, 1935 in Santiago) is a Chilean economist, entrepreneur, scholar, politician, and former Minister of State of the military dictatorship of Augusto Pinochet.

[citation needed] As a member of the Chicago Boys, he took part in the economic direction of Chile during the Augusto Pinochet government.

[1] However, as Minister of Economy, he had to supervise the takeover of the Bank of Chile, after the breakdown and liquidation of Grupo Vial during the economic crisis of 1981–1982.

[2] Subsequently, Lüders, among other Grupo Vial executives, was imprisoned for his participation in illegal financial transactions during his work for Banco de Chile and Banco Hipotecario de Chile.

[2] In 1983, he was convicted of fraud and violation of the General Banking Law, with a penalty of five years and one day in jail, and the payment of about US$165 million in compensation to the State.