Former BES boss under house arrest after 12-hour court grilling
Almost exactly a year since the catastrophic collapse of Banco Espírito Santo and his indictment relating to the Monte Branco money-laundering scandal, former BES boss Ricardo Salgado returned to Lisbon’s
Portugal’s bank regulator speaks out for BES victims to no avail
No matter how vociferously he supports the thousands of commercial paper holders who lost their savings in the BES ‘carve up’, the leader of Portugal’s CMVM banking regulator Carlos Tavares
Millionaire assets seized by police in new Espírito Santo ‘searches’
Early on Wednesday morning 70 police inspectors from the national anti-corruption unit led simultaneous ‘searches’ of the luxury homes, quintas and offices of key players in the once mighty Espírito
Governor of Bank of Portugal back before parliament as poll gives resounding “thumbs down”
With his new five-year mandate – voted through by the coalition government – hugely unpopular among Portuguese rank-and-file, the Governor of the Bank of Portugal Carlos Costa was back before
Bank of Portugal pays €800,000 to “friend’s firm” to oversee Novo Banco sale
With the story broken by radio TSF and now doing the rounds of national media, it appears that the Bank of Portugal is once again in hot water over the
Police seize over a billion euros worth of Espírito Santo family assets
Described as the “largest seizure of all time” amounting to as much as a billion euros, the PJ’s “asset recovery office” is reported to have impounded more than 500 properties
Ugly scenes in Lisbon as BES ‘victims’ take to streets against Novo Banco
Scores of angry people caught out by the controversial BES ‘carve-up’ took to the streets in Lisbon yesterday clamouring first outside Novo Banco’s headquarters in Avenida da Liberdade “Give us
BES victims’ group leader “apologises” for calling Bank of Portugal governor a thief
He may have apologised, but in almost the same breath Ricardo Ângelo has claimed that Carlos Costa “defrauded” small investors who bought commercial paper issued by the disintegrating Espírito Santo
Salgado faces €10 million in fines as Attorney General studies BES forensic audit
Following Deloitte’s “forensic audit” – highlighting the ruinous management of former BES boss Ricardo Salgado – media sources suggest the net is now inches from tightening around a multi-million criminal
Forensic audit shows Salgado “disobeyed Bank of Portugal 21 times”
Details of the long-awaited forensic audit into the catalogue of errors that led to the €3.6 billion collapse of BES bank last year have at last emerged and been sent