Hope for fleeced BES investors
Almost six years since Portugal woke up to financial horrors unleashed by the collapse of BES, judges have concluded that they can’t decide whether or not Portugal’s banking regulator –
DCIAP to move forwards with criminal charges over BES collapse over five years ago
Criminal charges against former BES boss Ricardo Salgado and 33 others cited in the BES/ GES ‘investigation’ are expected to be formalised by DCIAP – the department of criminal investigation
Former BES boss loses final appeal against €3.7 million fine
Former BES bank boss Ricardo Salgado has reached the end of the appeal process against a fine imposed by the Bank of Portugal for ruinous management that led to the
Novo Banco ‘disappoints’ – yet again! More State millions needed …
Novo Banco, the ‘good bank’ created out of BES toxicity has failed to fly, or even hobble. Out of the blue, at the end of business on Friday, the bank
New ‘institutional outrage’ challenges official Portuguese response to fall of BES
The official Portuguese response to the fall of BES bank has just seen another slew of international creditors file new lawsuits. Explains Expresso, five years on from the controversial ‘bond
BES-fleeced emigrés say government “trying to wriggle out of solution” for 150 million euro losses
Over five years since the collapse of BES, 1,500 Portuguese emigrés who lost fortunes are still waiting for a solution. These are not the victims of BES’ ‘commercial paper’ scam.
Espírito Santo investigations: deadline extended by another three months
Years since the collapse of the Espírito Santo financial empire, public ministry investigators have still failed to conclude investigations into allegations of systemic corruption. The Attorney General’s office has thus
Anti-corruption MEP “can’t work out” why BES ‘boss-of-all this’ remains free
With various stories doing the rounds over the weekend on alleged millions snaffled away by the Espírito Santo clan, anti-corruption MEP Ana Gomes has been speaking in Angola about how
Emigrés hit by BES collapse sign up ‘massively’ to Novo Banco proposal
Faced with the so-called ‘good bank’ in the throws of uncertainty, Portuguese emigrés who ‘lost’ their lifesavings in the collapse of BES three years ago have finally signed up “massively”
Damaged BES investors win ‘deal’ dependent on filing legal suits
Described as a solution for “85% of the 2,100 private investors” who lost combined fortunes in the BES banking collapse, a mechanism is now in place to action reimbursements. The