Monday, June 29, 2015

Court condemns role of Perella consultant in … – RTP


 In the audit report of the processes of (re) privatization of the electricity sector, the Court begins by saying that the procurement regime of financial advisors used by the public company which held the shares of the State in EDP and REN “is not as general scheme of European law on public procurement in particular the European directives 2004 “.
 

 The biggest criticisms go Parpública that, “by act or omission” consented “to subcontracting by a pre-qualified candidate from another entity that never on the list,” as was the case of Perella.
 

 The Court of Auditors said that “the performance of Parpública becomes subject to public censure” the fact that you have conformed “with the agreement between CaixaBI and Perella outside the universe of pre-qualified entities”.
 

 Auditors accuse CaixaBI having made financial advisory work in conjunction with Perella, hired by the state bank, “with the tacit consent of Parpública without being included in the pre-qualified list.”
 

 According to the Court of Auditors, Perella, a consultant who raised quite a stir at the time of privatization, “acted in a proactive and autonomous in financial assistance to privatization processes in question, along with CaixaBI, with the consent of Parpública”.
 

 The Parpública responded to this institution alleging that the participation of Perella “boiled down to mere auxiliary figure”, but the Court was keen to stress that this was not their understanding because “the participation of Perella in the process not dovetails with the legal classification of assistant coach, for the nature of its intervention in the various stages of the process proves it. ”
 

 And give evidence, such as the equitable distribution between the two entities of the fees paid by Parpública in both privatization concerned, strengthening “the understanding of the existence of overlapping subject in providing services to Parpública”.
 

 In response to the Court of Auditors, the CaixaBI claimed that the distribution of the agreed remuneration was appropriate tasks “divided equivalently.”
 

 The Court also asked the CaixaBI the curriculum of Perella on privatization, to which the state-owned bank said that “information relating to the curriculum of Perella team has confidential nature”.
 

tags: EDP REN, Parpública, REN,

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