A Santiago court plans to auction the luxurious residence of the Chilean wife of a Japanese man who has admitted embezzling from a public corporation, Chilean newspapers reported Wednesday.

The papers said the court announced plans to auction the Santiago suburb residence of Anita Ester Alvarado Munoz, wife of Yuji Chida, at the minimum price of 282.8 million pesos ($402,000) on behalf of Aomori Prefectural Housing Supply Public Corp.

The auction will take place Aug. 29. The house was seized Aug. 2 at the request of the Japanese corporation.

The property includes the house partly built with marble and a large swimming pool.

Alvarado, who lives there with her four children, threatened to destroy the house with a heavy machine prior to a seizure, according to one newspaper.

Chida is on trial in Japan on the charges of embezzling about 1.46 billion yen from the housing corporation in Aomori Prefecture since 1993. He allegedly gave at least 810 million yen of it to his wife.

He was in charge of accounting at the corporation before his arrest in December.

Alvarado has refused repaying the corporation, claiming she did not know the money was illegally obtained.