fbpx
Log in

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *

Criminal investigation into Caixa Geral has already started

caixageral2The Central Department of Investigation and Penal Action (DCIAP) formally has opened an inquiry into years of endemic maladministration at Caixa Geral de Depósitos and is going through the dodgy loan book so ascertain which had not been granted in accordance with banking rules.

A letter has been sent by the office of the Attorney General to the parliamentary committee of inquiry that already is looking into the State bank’s previous management and the massive bad loan provisions that already have been made.

The focus clearly is on the way in which the bank was run and on those loans handed out to companies and individuals in return for corrupt commission payments to bank directors and money laundering, some of which already has been picked up in the extensive Operation Marques investigating the former PM, José Sócrates.

Yesterday, in response to questions from Correio de Manhã, the Attorney General's Office stated, "the existence of an investigation is confirmed, we are investigating facts related to Caixa Geral de Depósitos… "

The parliamentary commission of inquiry to Caixa Geral is already examining the accounts of various directors since 2000, amongst the suspects are António de Sousa and Luís Mira Amaral (2000-2004), Vitor Martins (2004 and 2005), Carlos Santos Ferreira and Armando Vara (2005-2008), Fernando Faria de Oliveira (2008-2011) and José de Matos (2011-2015).

DCIAP also is to analyse those loans granted by Caixa Geral which are at risk of default, all €2.3 billion of them.

Pin It

You must be a registered user to make comments.
Please register here to post your comments.