The former minister was sentenced to 10 years in prison for being corrupted by former banker Ricardo Salgado.
Manuel Pinho appeals to the Supreme Court against prison sentence in the EDP case
Monday, 9 March 2026RSS
Context & Explainers
Ricardo Salgado is the former chairman and CEO of Banco Espírito Santo (BES), the bank that collapsed in 2014 and triggered one of Portugal’s largest financial scandals. He has faced multiple criminal charges including fraud and money laundering, and recent appeal-court rulings ordering a new trial—despite reports about his Alzheimer’s—are important for anyone following accountability in Portugal’s banking sector.
Manuel Pinho is a former Portuguese Minister of Economy who served from 2005 to 2009 under the Socialist Party (Partido Socialista) government. In June 2024, he was sentenced to 10 years in prison for passive corruption, money laundering, and tax fraud related to undeclared payments from the Espírito Santo Group (Grupo Espírito Santo). His case is one of several high-profile legal proceedings involving former government officials and the collapse of the Banco Espírito Santo banking empire.
AI Summary AvailableFormer Minister Manuel Pinho appeals 10-year sentence to Supreme CourtRead the synthesized summary with context and explainers
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