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 *

Latest News

Madeleine McCann: German prisoner identified as new suspect in disappearance

Madeleine McCann: German prisoner identified as new suspect in disappearance

A 43-year-old German prisoner who travelled around Portugal in a camper van is now the focus of...

Algarve tourism experts predict 30% occupancy over this summer

Algarve tourism experts predict 30% occupancy over this summer

"Any dialogue you have with travel agents and hoteliers in the Algarve, if we think about June,...

Loulé Council shoots down Vilamoura lake city mega-project

Loulé Council shoots down Vilamoura lake city mega-project

The Environmental Impact Study of the lake city mega-project in Vilamoura has received an "unfavorable opinion" by...

‘Whoever enters Portugal should test negative’, defends local MP as tourism floodgates reopen

‘Whoever enters Portugal should test negative’, defends local MP as tourism floodgates reopen

Cristóvão Norte, an Algarvian MP for the Social Democratic Party (PSD) has defended that "there must be...

Arab sheik-owned Algarve hotel workers strike over lack of pay dating back to March

Arab sheik-owned Algarve hotel workers strike over lack of pay dating back to March

Local workers at the JJW Hotels Resorts Group, owned by Sheikh Mohamed Bin Issa Al...

Algarve orange producers see unexpected rise in business, safe from pandemic economic uncertainty

Algarve orange producers see unexpected rise in business, safe from pandemic economic uncertainty

The COVID-19 pandemic unexpectedly benefited the Algarve citrus industry with an increase in demand and prices, which...

The show goes on as theatres and cinemas reopen warily across Portugal

The show goes on as theatres and cinemas reopen warily across Portugal

Theatres, cinemas and other cultural venues across the country got the go-ahead to reopen this Monday as...

‘High risk of widespread wildfires across Europe’ this year, says EU crisis commissioner

‘High risk of widespread wildfires across Europe’ this year, says EU crisis commissioner

The European Union expects dry weather to cause unusually widespread wildfires in Europe over the coming months,...

Latest Features

Is time running out for tax-free pension transfers?

Is time running out for tax-free pension transfers?

Understandably during this global health emergency, normal life has been paused while priorities have shifted. With all that’s been going on, it is easy...

Art and Photography news from the Algarve - June 2020

Art and Photography news from the Algarve - June 2020

Welcome to our June 2020 Newsletter. Another month has passed and things seem a little brighter here on the Algarve now. CLICK...

Gale's Virtual Westminster View – May 2020

Gale's Virtual Westminster View – May 2020

May. Too many Cummings but no Goings. Thousands wait for package holiday refunds as the travel industry goes into meltdown. The Home Office does...

Studio Bongard are relocating after 22 years!

Studio Bongard are relocating after 22 years!

It is with a little sadness that at the end of June this year Tara and Sylvain Bongard will leave their studio space of...

AlgarvePLUS Magazine - June 2020

AlgarvePLUS Magazine - June 2020

Welcome to the June issue of AlgarvePLUS magazine. The hazy summer days are here, with just a bit more freedom than in previous months....

How an ESA Provides the Comfort and Companionship You Need

How an ESA Provides the Comfort and Companionship You Need

A stressful lifestyle or an innate condition can lead to feelings of anxiety, depression, mental fatigue, and even suicidal thoughts. Naturally, this can significantly...

Euro surges on EU’s Next Generation plan optimism

Euro surges on EU’s Next Generation plan optimism

Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking...

Algarve Archaeological Association on hold for the Summer

Algarve Archaeological Association on hold for the Summer

The AAA lecture which was due to be held on Tuesday 2nd June has been cancelled due to the current situation with the Coronavirus....

Welcome to the low touch economy!

Welcome to the low touch economy!

Since early March, expressions like social distancing, pandemic, quarantine and isolation have begun to be part of our lives and of our daily conversations....

Tourism Post-CV19

Tourism Post-CV19

Tourism is one of the sectors most affected by Covid-19. The UN-World Tourism Organization issued rules for Sustainable Tourism:

Submarine bribery payments are untraceable, end of case

submarineGood news indeed for the deputy prime minister Paulo Portas as the state prosecutor has decided officially to archive the submarine bribery and corruption case that has overshadowed the former defence minister for years.

The state prosecutor has ended up deciding not to prosecute anyone in the submarines case, which has been subject to eight years of investigation, all amounting to nothing.

Happy days too for defendants Helder Battaglia, Luis and Miguel Horta e Costa, and Pedro Ferreira Neto who will not be troubled further.

Portas was never charged and only appeared as a witness in the case that already had tracked a parallel trial in Germany where directors of Ferrostaal, one of the German consortium members, were given suspended sentences and stiff fines for 'bribing foreign officials' to get the €900 million submarine deal through.

It is a sad reflection on justice that at the Portuguese end of the crooked relationship the prosecutor after so much time could not prove who received the bribes that the Germans admitted sending.

More details are expected to be revealed during the current BES investigations as Escom, a BES subsidiary, handled the money but to whom this was handed remains a mystery. BES family members received at least €5 million but these were explained as being 'consultancy fees' by Ricardo Salgado.

The filing of 18 volumes of evidence covering eight years of work containing interviews, diagrams, a complete chronology of the facts, references to ministers’ council resolutions, email between the parties, contract terms, memos and email records will now go ahead as apparently nobody was on the take, or if they were, it is impossible to prove it.

The archiving of this massive case is based on the fact that none of the alleged crimes have been proven by the prosecution team which 'inherited' the case a little over a year ago and struggled from day one, hampered by a lack cooperation from the German court which refused to send transcripts of the successful Ferriostaal prosecution ‘unless authorised by Angela Merkel.’

The money trail was admittedly tricky to follow as commissions were paid through a number of offshore accounts, but if the state prosecutor is unable to access this banking data in this age of banking openness and cooperation between countries, there is no hope of pinning the bribes on individuals.

Pin It

Comments  

+1 #3 Darren Williams 2014-12-19 18:58
Nigel raises an interesting point about Madeira and the submarine money.

Not least because, in these supposedly more open press times - we often get an 'issue' mentioned; which is never heard of again. As with this Madeira BES money and the earlier 1 1/2 billion missing through 2,000 fake invoices from an inward EU to Madeira investment.

On today's pt tv news one of the 6 candidates competing for Pres. Jardim's job referred to a change from nearly 40 years of oligarchy.

This guy Jardim was in power or near it from the Great Dictator's time ! And surely he would have known from the very top - the regional bank managers - what 'interesting' amounts had been lodged in his islands banks.

Bank secrecy ! In Portugal ! Ask a Portuguese what they think of any professional secrecy here !

The point being - is Jardim, in moving to the Portuguese mainland warning off the heavyweights here from having 'crises of conscience' and investigating his many millions ?

Signalling that he knows where any dodgy money that arrived in his bailiwick came from .... and went to. So leave him and his driver alone ?
+2 #2 Nigel W. 2014-12-18 15:52
lack of cooperation from the German court which refused to send transcripts of the successful Ferriostaal prosecution ...

Our Portuguese lawyer, who being born in Germany specifically handles fraud allegations made by Germans against locals in Portugal (and is never short of work) told us a couple of years ago that the German reluctance is due to them having original documents.

The Portuguese want these. And the German sources are understandably worried that the Portuguese end will lose or tamper with these originals. Which would frustrate any appeal or re-opening of the case at the German end.

Surely misuse of public money - if that crime existed in Portugal - would be the charge to place against these players. The Portuguese would all have expenses that directly tie in with events and places that the Germans have admitted to being at.

Anyway - surely the latest news is that BES Madeira has the money. And that this formal arquivement , but with a secrecy embargo which you did not mention - is to stop anything emerging to upset Snr Doors.
+12 #1 Karel 2014-12-18 09:04
Christmas period is a good time for forgiveness, isn't it ?
In the meantime of course everybody already forgot about the Chinese golden pass sharade so that as from next week they can prepare "a new act"....
Nice circus I must say.

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

Property

Coronavirus Impact on the Algarve Housing Market

Coronavirus Impact on the Algarve Housing Market

Many people are wondering what has happened to the housing market in the Algarve during these extraordinary times effecting the...

Surge in user traffic from European countries suggests interest for holiday making, according to Imovirtual

Surge in user traffic from European countries suggests interest for holiday making, according to Imovirtual

Portugal started to ease lockdown measures from Monday 4th May with a three phase plan to reopen the country’s economy....

Fine & Country Get Back To Business (not quite) As Usual

Fine & Country Get Back To Business (not quite) As Usual

Portugal has begun a partial relaxation of lockdown regulations from Monday May 4th, with many businesses allowed to return to...

Exclusive Algarve Villas - April 2020 Newsletter

Exclusive Algarve Villas - April 2020 Newsletter

Welcome to our April newsletter! With businesses in lock down (locally we’re now at 2 months), we can see some...

What's Happening?

West Coast Car Boot Sale Set to Return In July

West Coast Car Boot Sale Set to Return In July

The West Coast Car Boot Sale, normally held on the first Sunday of each month, will not be taking place in June. Hopefully it will be able to start again...

Latest Classifieds

We are direct providers of Fresh Cut BG, SBLC and MTN
(Services / Offered)

We are direct providers of Fresh Cut BG, SBLC and MTN

Seat Ibiza Station A/C
(Vehicles / Cars)

Seat Ibiza Station A/C

ERRANDS & SERVICES
(Services / Offered)

noimage

Minivan
(Vehicles / Other)

Minivan

Subscribe

Want to be kept up to date? Subscribe to our regular E-Newsletter here.
* Please use a valid email address, as a confirmation email will be sent.