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BES

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Álvaro Sobrinho – suspected of multi-million euro fraud – fined €204 for missing court appearance

Sobrinho charged with 18 counts of abuse of trust; five of money laundering Álvaro Sobrinho, the former chairman of BESA (BES Angola) – on whose watch billions of euros went

May 5, 2025by Natasha DonnIn Álvaro Sobrinho, BES, BESA, Porutgal news
João Pedro Oliveira e Costa

Dividing up Novobanco would be a “total mistake” – BPI boss

Banco Espírito Santo case: “There can’t just be one person guilty in this story” The CEO of Portuguese bank BPI, João Pedro Oliveira e Costa, said in an interview this

March 5, 2025by Chris GraemeIn Banks, BES, Novo Banco
Ricardo Salgado being led by his wife into court today. Image: Andre Kosters/ Lusa|BES trial opens, showing agony 10 years on is every bit as raw

Former banker Salgado, suffering from Alzheimer’s, faces new trial

Ricardo Salgado to be tried for two further crimes, this time tax fraud The pursuit of former banker Ricardo Salgado, these days debilitated by Alzheimer’s disease, continues – in spite

February 24, 2025by Natasha DonnIn BES, Portugal News, Ricardo Salgado
Ricardo Salgado's cousin has been giving his damning testimony to the court. Photo: Lusa

All eyes on BES trial as Salgado’s cousin claims: “He tried to bribe me”

Ricardo Salgado may not be physically in courtroom, but his name is never out of it With the ‘budget drama’ essentially sorted (PS abstention assures approval of the minority government’s

October 18, 2024by Natasha DonnIn BES, Portugal News, Ricardo Salgado
Almost 10 years ago, Ricardo Salgado was fully able to put his side of the BES debacle|Photographed going into Campus de Justiça yesterday, Ricardo Salgado was unable to give the judge the address of the house in which he lives, and could not remember his mother's full name. Image: Andre Kosters/ Lusa

BES judges listen to recording of Salgado’s ‘parliamentary grilling’

MPs questioned BES boss Ricardo Salgado for 10 hours in 2014 With Ricardo Salgado – the main defendant in the open-ended trial that has begun into the collapse of Portugal’s

October 16, 2024by Natasha DonnIn BES, Portugal News, Ricardo Salgado
Ricardo Salgado being led by his wife into court today. Image: Andre Kosters/ Lusa|BES trial opens, showing agony 10 years on is every bit as raw

BES trial opens, showing agony 10 years on is every bit as raw

Victims arrive with hearse: “They killed our savings, now it’s time for justice” More than 10 years on from the shockwaves caused by the implosion of the Espírito Santo banking

October 15, 2024by Natasha DonnIn BES, Justice
|Image from one of the angry protests in 2020 by Mário Cruz/ Lusa|Image from yet another protest, this one in 2022. Image: Paulo Novais/ Lusa

Trial into collapse (10 years ago) of Portugal’s largest private bank begins next week

BES/ GES empire cost country dearly, causing losses of almost €12 billion The trial of the main BES case begins on Tuesday and no one can predict when it will

October 13, 2024by Natasha DonnIn BES, Justice, Portugal News

Former BES Angola president, self style philanthropist Álvaro Sobrinho charged with aggravated money laundering

Sobrinho accused of using BES money to invest in Sporting football club Álvaro Sobrinho, former president of Banco Espírito Santo in Angola – and a self-styled philanthropist – has been

September 23, 2024by Natasha DonnIn BES, Portugal News
|

Civil construction boss and one of BES’ banks’ greatest debtors dies before trial

With the trial into the implosion of BES bank 10 years ago still weeks away from starting, another ‘key figure’ has left the complicated picture. This time it is civil

August 22, 2024by Natasha DonnIn Banks, BES
Image of sapper firefighters outside parliament today: José Sena Goulão/ Lusa

BES victims demonstrate 10 years on…

Victims of the collapse of Banco Espírito Santo (BES) almost exactly 10 years ago took to the streets once again today, to demand the €45 million they say they are

August 2, 2024by Natasha DonnIn Banks, BES
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