Banco Espírito Santo Angola Trial: Ex-Banker and Former GES President Face Judgment Day
Diário De Notícias2 months ago
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Banco Espírito Santo Angola Trial: Ex-Banker and Former GES President Face Judgment Day

Business
bancoespiritosanto
angola
portugal
trial
finance
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Summary:

  • Álvaro Sobrinho, former Angolan banker, and Ricardo Salgado, former president of the GES group, will face trial in Lisbon.

  • Sobrinho is facing 18 charges of breach of trust and five of money laundering.

  • Salgado is facing five charges of breach of trust and one of fraud.

  • This trial is a significant development in the investigation into the collapse of the Banco Espírito Santo.

Banco Espírito Santo Angola Trial: Ex-Banker and Former GES President Face Judgment Day

The Lisbon Criminal Instruction Court will see the start of the trial for Álvaro Sobrinho, former Angolan banker, and Ricardo Salgado, former president of the GES group.

Sobrinho is facing 18 charges of breach of trust and five of money laundering, while Salgado is facing five charges of breach of trust and one of fraud.

This trial marks a significant moment in the investigation into the collapse of the Banco Espírito Santo, a major Portuguese bank.

The trial is expected to be highly publicized and will likely attract significant media attention.

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