Ricciardi. . “I did not mean to leave the evil Salgado wanted a … – Express

Ricciardi. . "I did not mean to leave the evil Salgado wanted a … – Express

“When I heard what was going on [in the group], acted with my duties of care,” he said José Maria Ricciardi to Members, explaining that had information on time they realized a great liability in Espírito Santo International, but not fake accounts

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From According to the leader of Banco Espírito Santo Investment (BESI), the bank’s management considered that could delay the resolution of the problems. “The idea was to move forward. ‘For the year resolves itself’, rather than face the problems,” he said.

Despite having defended the departure of Ricardo Salgado leadership, ensures Ricciardi: “I did not mean to leave . the evil wanted a civilized solution, “said

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Ensuring that your idea management was incompatible with the management that was going on BES, José Maria Riiciardi regrets that Salgado take all decisions on the “centralized” form of group and “one-sided” and that gave the “bad” result we all know.

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“BESI, where I am president 10 years ago, there was never toxic assets Because I have always done with . my team a rigorous and transparent management, but with other companies that did not happen and would progressively worsening their situation, “pointed

. To Ricciardi, was vital BES have asked help from the state when the international crisis worsened in 2008, which would have also avoided the end of the BES. “If we had capitalized the bank, now it existed and had been achieved tackle the problems above the BES,” he argued.

He added: “Maybe we did not have the capital increase we had not had in debt, but the state had us capitalized”

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