The former high-flying politician and current murder suspect, Duarte Lima, has been declared insolvent by a Lisbon court.
The refusal of Duarte Lima's creditors this April to allow him flexibility has led to his insolvency, owing €31.7 million to a variety of creditors including State-owned Novo Banco and Parvalorem.
"In the District of Lisbon, Lisbon - Central Instance - 1st Sec.Comércio - J3 of Lisbon, on December 16, 2016, at 3:36 pm, a judgment was issued declaring the insolvency of the debtor: Domingos Duarte Lima" reads a note published on the Citius website, dated 21st of December.
From the publication date of Lima’s insolvency, he has 30 days before collection procedures can start.
Lima, a former MP and party leader, has been accused in Brazil of murdering heiress Rosalina Ribeiro and transferring €5.2 in funds she had controlled to his Swiss bank account. The former parliamentary leader of the PSD was acting as Ribeiro’s lawyer in a case that involved the estate of Portuguese millionaire Lucio Feiteira who died in 2000.
Lima now owes Novo Banco €10.9 million, with Parvalorem lodging a claim of €20.7 million.
Loan security of a Chinese porcelain collection is one of the examples of Lima’s assets but he is about to suffer the indignity of having any remaining property, bank accounts and goods, seized, just like if he was a normal citizen.
Lima’s attempt in April to foist his company Dulivira onto his creditors sensibly was refused as it went bust two months later.
Menawhile, his appeal against a 10-year jail term for qualified fraud and money-laundering in Portugal, is being prepared.
Comments
Fully grasp what the Ed so tactfully left out - that the Portuguese tax payer will now be paying this multi-millionaires legal fees ! Repeated appeals leading to a fudged suspended sentence, all adding millions to the hundreds of billions of public debt that future generations of Afro-Portuguese must pay off. Yet keeping Lima's assets safe as, like with Socrates - it is now all in his relatives names!
Ed is being ironic....
These loyalties go deep, remember the queue visiting Socrates in Evora Jail. Now expecting invites to Socrates March 2017 'I'm Free' Party. Then bundle in how convenient it is for Lima to have this supposed penury ... meaning the Portuguese State pays all his legal bills. For endless re-hearings to avoid facing the Brazilians.