The request was made in closing arguments of the appeals trial presented by 10 of the 11 defendants in the Court of Competition, Regulation and Supervision in Santarém, the offenses enacted by Bank of Portugal (BoP) in October 2013, superior, overall, to 10 million euros for various offenses, including falsification of accounts and false information.
The prosecutor Edit Carvalho de Palma asked the maintenance of the single fine imposed by the BoP Private Holding, 2.5 million euros.
Regarding the BPP, while maintaining the application for judgment, held that the cooperation provided in the discovery of truth by the interim administration justifies the reduction of the fine of 3 million euros, suspended in half its value for a period of three years, to 500,000 euros, suspended all the same period.
In its pleadings, the representative of the Portuguese Private Bank (BPP) said he did not make sense to keep any penalty before the situation “clear” and “irrevocable” insolvency of the bank, asking the court that distinguishes the “front face” of the current, which “should not be confused long with the previous administration.”
Miguel Coutinho warned that the imposition of a fine will only encumber the bankrupt estate, even withdrawing more capacity to meet the established claims, stressing that these are of the order of 1.6 billion euros against 912 million of existing liquidity euros.
For the former president of the BPP, John Rendeiro , the prosecutor asked for acquittal of the offense of overvaluation of assets, but considered proven the remaining facts alleged against him by the bop and its dominant role in the practice of infractions, including after leaving the executive committee, lowering the fine one of 1,995,191.58 euros that had been condemned to EUR 1.5 million.
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