Former Economy Minister lost a lawsuit against the New Bank and BES pension fund
The Court Central Lisbon yesterday chumbou the request of former Economy Minister Manuel Pinho intended to award a multimillion-dollar renovation of the New Bank and BES pension fund. Manuel Pinho called for a retirement pension agreement worth EUR 7.5 million and a lifetime pension of 21,500 euros per month, claiming it had an agreement with the former president of Banco Espírito Santo, Ricardo Salgado, according to yesterday released TVI .
the former minister claimed that the terms of early retirement were being negotiated in the months leading up to the collapse of the BES and the family empire, but there would be a commitment to Salgado for the retirement of Manuel Pinho after 55 years with the right to 100% of the pensionable salary. In the process of the district of Lisbon, which TVI had access, Manuel Pinho claimed to be the bearer of a letter signed by Ricardo Salgado, but the court gave this as unproven.
The process of Manuel Pinho gave entry in April 2015 and have as defendants the New Bank and New Bank Africa. According to the Express, until October 2014, Manuel Pinho receive a monthly salary of 39,000 euros as administrator holding BES Africa. However, this holding would have no activity.
Pinho left the government in July 2009, eventually returning to BES, which had been between 1994 and 2005. In 2010 he was invited to take the post of vice- BES-chairman of the Africa board of directors. The director functions in BES receive over three thousand euros per month, with the allocation of a secretary, assistant, car, mobile phone and credit card with an annual ceiling of 25 000 euros.
The rules of the bank would dictate the ex – minister could only receive the pension at retirement age and Manuel Pinho tried to receive these funds earlier, but BES was not available, justifying the change of business plan for Africa was reason to stop play the functions for which he had been invited in 2010, leaving to receive 39,000 euros per month. Pine would be only the salary of the director and BES without representation expenses.
Was it then that Manuel Pinho said the existence of the letter of Ricardo Salgado, who allegedly assured him the wages of the following years. No According to the bank, the case went to court.
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