President Bachelet's embattled son resigns from Chile's Socialist Party
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President Bachelet's embattled son resigns from Chile's Socialist Party

The son and daughter-in-law of Chilean President Michelle Bachelet have resigned from her party due to allegations they received special treatment on a loan.

Socialist Party leader Osvaldo Andrade announced the decision Sunday on his Twitter account.

A prosecutor is investigating whether Sebastián Dávalos and his wife got privileged access to a $10 million loan to buy land they later sold for about $15 million. The loan was approved a day after Bachelet was elected president in December 2013.

Dávalos already had resigned his post as director of social and cultural activities for the presidency.

Associated Press