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Former directors of Banco Privado Português accused of fraud, breach of trust and money laundering

bppPortugal's Public Ministry finally has charged six defendants, including four former directors Banco Privado Português (BPP), of qualified tax fraud, abuse of trust and money laundering, crimes allegedly committed between 2003 and 2008.

According to the District Attorney General for Lisbon, the case which started in 2009 involves Joã Rendeiro (the bank’s former president) and former directors Paul Guichard, Salvador Fezas Vital and Fernando Lima, among others.

Briton gets 25 years for Portimão murder

jackson1British expat Nigel Jackson today was found guilty of murdering Brenda Davidson, 72, at their home in Alcalar, Portimão, and of burying her body in the garden in November 2014.

Jackson had been charged with murder, desecration of a body, larceny, IT and telecoms fraud and two counts of misusing Davidson's bank card.

Faro Riverside Park to be maintained by private contractor

faroriversideparkThe Riverside Park in Faro will soon be maintained and cleaned by a private company under a contract for services concluded last Saturday between the municipality and Elogioverde - Construção e Manutenção de Jardins, Lda.

This contract was needed as the warranty in place from the company that built the park, Polis Litoral Ria Formosa, had ended.

EU to reassess VAT rules

pillsAn EU minister has warned that it may review VAT across the bloc which could call into question Britain’s use of “zero rate” on specific items such as food, medicine and children’s clothing.

The Commission plans to present measures later in spring to overhaul the VAT system.

Three convictions for ill-treatment of animals - in a year

dogillOnly half of the 1,395 investigations for crimes against pets have been completed and only three ended in convictions and fines.

The new animal protection law came into force in October 2014 and last year investigations were opened for 1,395 alleged cases of mistreatment of ‘companion animals.’

Overdue change at Portugal's top banks

bop4The government is expected to make a few long-overdue changes at the top of Caixa Geral de Depósitos with the president of the bank the first out the door.

José de Matos, the current president of the state owned bank should be followed swiftly by Nuno Fernandes Thomaz, his number two.

Young start-up firm turns over £1m on 'gay-friendly' holidays

holdinghandsA newly minted travel agency in Britain which focusses on gay-friendly holidays will turn over £1m in its first three months in business.

OutOfOffice.com arranges holidays for lesbian, gay, bisexual and transgender (LGBT) couples, a market which is growing rapidly.

PM quite happy with 2016 budget despite EC objections

antoniocostaThe European Commission is not at all happy with Portugal’s draft State Budget for 2016 despite the figures predicting an enviable reduction in the country’s deficit.

The Ministry of Finance has received a stiff letter from European commissioners Pierre Moscovici and Valdis Dombrovskis asking "why Portugal plans a reduction in the structural deficit for 2016 that is well below the figure recommended by the European Council last July?"