Latest news and stories about banking scandal in Portugal for expats and residents.
Swiss authorities suspect that the former banker may have created a 'Dona Branca'-style scheme in the financing of GES.
Ricciardi played a pivotal role in reporting irregularities at BES, which he dreamed of recovering
The former BES financial director testified that the fraudulent financing schemes of the GES that harmed BES and its clients were allegedly created by Amílcar Morais Pires, the former CFO of BES.
Almost three years after the Public Prosecutor's Office (MP) filed charges, the trial concerning alleged fraud and market manipulation in Banco Espírito Santo's (BES) 2014 capital raising still has no scheduled start date. This is because, reports NOW, after the Supreme Court of Justice (STJ) decided that the case would be tried ...
During a session that lasted more than two hours, the bank's former president struggled to explain email exchanges and the details of the deal, and could not list the delegation that took part in the trip to the Congo.
The defence sought dismissal or suspension of the judicial proceedings in the BESA case against the former leader of BES due to a diagnosis of Alzheimer's disease. However, the law requires Salgado to stand trial because he is considered criminally responsible.
The ruling concludes that the former banker's right of defence is not being undermined. Salgado's lawyers had sought dismissal of the proceedings on the grounds that he has Alzheimer's disease.
In what is yet another defeat for the defence team representing former BES banker Ricardo Salgado, appeal court judges have ruled that he must endure a new trial (for fraud/ The post Appeal court judges insist former banker with Alzheimer’s must go through new trial appeared first on Portugal Resident.
The Court of Appeal rules that Salgado should face trial in connection with the BESA case.
The judges say a new medical expert assessment will only be necessary if Salgado is sentenced to a prison term.
Judges criticised the defence of the former banker for using “manifestly anomalous means” to delay the decision from Operation Marquês becoming final and unappealable.
