The news weekly Expresso on Saturday that the ES Enterprises transferred, in 2012, 18.5 million euros to a bank account in Zeinal Bava foreign. The former CEO of Portugal Telecom confirmed the newspaper to transfer this amount to a personal account, as well as their return earlier this year “with interest at the ‘bankruptcy’ of ES International.”
According to the Express, Zeinal Bava “denied that it was of any compensation, consideration or compensation and clarified that it was a trusted value on a trust basis, which had a definite contractual object that did not come to fruition, the money, ‘as provided for in the contract’, was returned, “capital and interest ‘.”
Zeinal Bava explains that the “subject of the contract was to finance the acquisition of PT shares by a group of senior executives of the company. “the contract” depended on the full privatization of PT “at a time when the government still had a” golden share “in the company.
” Since privatization did not take place in that period, and June 2013 Zeinal Bava left the PT (to take over as CEO of Hi) ‘the acquisition of shares directly or through any derivative instrument was never done.’ “
the former CEO of PT still tells Express that this transfer was never communicated to socias bodies of the company “because a single action was ever bought and it was a sum for which I was not conveyed property.”
(News updated at 13:16)
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