Duarte Lima's apartment auctioned for over €2 million

Duarte Lima’s luxury apartment has been sold at auction for €2.035 million as part of an insolvency proceeding.

The two apartments, a T4 and a T6, have a total area of ​​501 m2 on the 11th floor of 1 da Rua Avenida Visconde Valmor, Avenidas Novas, Lisbon.

The buyer now has a T6 with 274m2, a T4 with 227m2 and a garage with two parking spaces.

The electronic auction, which started a little over a month ago, started with a base value of €1.96 million but ended up closing on Wednesday at over €2 million.

Additional of Lima's assets, art and furniture, have a starting price of €40,000. These included various watercolors, oil paintings, sculptures, sofas, tables, armchairs, lamps and an organ.

However, unlike the apartment sale, this auction closed without any bidding.

The insolvency proceedings against Duarte Lima was handed out by the Commercial Court of Lisbon to settle money owned to Parvalorem, Novo Banco and the estate of businessman Tomé Feteira.

Lima owes Parlalorem €20 million, an additional €10.9 million to Novo Banco and about €9 million to the estate of Tomé Feteira.

Duarte Lima was sentenced in November 2014, to ten years' imprisonment for the qualified fraud and money laundering in the BPN Homeland case involving a dodgy deal over land in the municipality of Oeiras where the Portuguese Institute of Oncology was to be built, with a loan from BPN.

The former MP went to the Lisbon Court of Appeal, which in April 2016 reduced his sentence to six years in prison.

Since then, Lima has whiled away his time by lodging appeal after appeal – he is a lawyer after all – in the hope he will avoid the discomfort of jail.

Lima also faces a murder trial in Brazil.

Comments  

0 #3 Darcy 2019-04-06 17:41

Quote j Bull,

"bull" s*** is back !!

+1 #2 J.Bull 2019-04-04 10:47

So often the nonsense that passes for Portuguese protection of their elite wrongdoers and their justice system's application of the Old Laws in primacy to EU law reminds us that we northerners are most definitely outside Europe. All the Arab Spring countries - currently the Algerians - must have avidly read the seminal Portuguese book "Your country too can have a non-Revolution" by Deceased of Porto. The Algerian elite today following every page to replace their long term infirm Dictator with the same faces; where necessary due to obvious bad behaviour, one step removed from the spotlight. With a deadline of 25th April 2019 to show respect to the Portuguese who pioneered non-Revolutions and also Deceased of Porto who, his Mum says, was dying to get his book published. Unfortunately posthumously. But - thanks to the internet - the Algerian masses also have their copies of "Your country too can have a non-Revolution" in various languages including French and even English and using today's Portugal as an example of a "non-Revolution" are pushing hard for real, root and branch change to better their lives. So whose interpretation of this book will win this time?

+4 #1 Jeff Brown 2019-04-04 08:34

Was the winning biidder vetted - to check it was not someone in the Lima clan or an up and coming PSD wannabe star currying favour with the PSD elite? This guy still has important protection from fellow politicals and the Portuguese Establishment - the Brazilian extradition request for a Murder charge, which found the dead heiresses money in one of Lima's Swiss accounts (just resting as Father Ted would say!) swiftly booted into the distance. Soon the allegations against him will be out of time like R. Salgado's of BES fame. Lima's squillions like Salgado's well hidden. So no bids for the furniture, just put dust covers on until the great man returns?

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