CGD: Steps only dispatched reports the 15 days of the elections – the Public.en

For six months, the Ministry of Finance led by Maria Luís Albuquerque was in the drawer at least two opinions from the Inspectorate-General of Finance relating to quarterly reports of the Audit Committee of Caixa Geral de Depósitos 2014, which showed a deterioration in the impairment of public bank. According to the documents to which the PUBLIC had access, these opinions have been saved from March to September, and were only dispatched by the secretary of State of Finance, Manuel Rodrigues, fifteen days before the parliamentary elections of 2015.

In question are the opinions typical of the General Inspectorate of Finance to the reports of the third and fourth quarters of 2014 of the Audit Committee of Caixa Geral de Depósitos. The documents, which, as is shortly told in the information of order, do not constitute an “audit opinion", but the highlight of the "relevant aspects" of the report of the commission of audit, came to the office of Manuel Rodrigues in March 2015 (the third quarter as of 12 March and the quarter to March 20), but they were only dispatched by the ruler to the Directorate-General of Treasury and Finance six months later. This more detailed information about the paths of the documents goes to the meeting of what was referred to in the report of the Court of Accounts released last week, which revealed the existence of an “insufficient control [of CGD] by the State" between 2013 and 2015.

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The quarterly report are still the most relevant relate to the period in which was enacted the recapitalisation of Caixa Geral de Depósitos decided by Vítor Gaspar in 2012 and put into practice by Maria Luís Albuquerque, the sequence of which was given a capital injection in the amount of almost 1500 million euros.

with regard to the third and fourth quarters of 2014, the reports of the audit committee already showed an increase of the impairment losses recorded by the bank. These documents were of the few to come to Parliament, in the framework of the commission of inquiry into the public bank, but had not been able whole. Most of the information was obscured or erased. Still, it is possible to read that there was an "increment" of impairments compared to the previous quarter (in the case of the 3.Nd quarter), or an "addition" of the values (in the terminology used in the report on the fourth quarter).

Taking into account the information available, it is not possible to determine the value of the increase quarterly, but it is certain that, despite the Government knowing of the degradation of the situation of the impairment, not ordered any audit on the bank. At the end of 2015, the cumulative amount of discharged stood at 1.5 billion euros in impairments and 4.5 billion of exposure.

This is referred to by the Court of Accounts (TC) in the report that was known to the 7th of December. The CT showed that "the reports of the commission of audit of this financial company refer to their exposure to areas of special risk. However, were not obtained evidence of the shareholder have requested the General Inspectorate of Finance supervision and approval of documents reporting the accounts was made based on incomplete information". And is the own Inspectorate-General of Finance, who admits to be opinions and not of "opinion"audit.

"this information has been prepared based on the report above, not having this inspector General made an audit work. In addition, there were no checks next to CGD, having only been requested a few clarifications that have been sent by e-mail." Moreover, in the report of the TC on the entrepreneurial sector of the State, it was already mentioned that only "in 2016" had been "placed on the information system which performs the reporting of public enterprises to the Ministry of Finance the set of quarterly reports 2015", which means that have been introduced by the current Government. The documents that came to the Assembly of the Republic show that the same was true of since 2014.

THE PUBLIC tried to contact the former secretary of State for Finance in the last few days, but it has not been possible up to the time of edition of this news.