Summary:
Former BES boss Ricardo Salgado is accused of bribing the Banco do Brasil's former vice-president, Allan T., with over $1 million in exchange for $200 million in liquidity instruments.
The case involves a complex scheme with offshore companies and fictitious contracts designed to conceal the origin of the funds.
Three of the eight defendants were found not guilty of document forgery due to the statute of limitations.
The Banco do Brasil's former vice-president was not charged in Portugal, but the case was referred to Brazilian authorities.
Ex-BES Boss Ricardo Salgado Faces Corruption Trial in 'Banco do Brasil' Case
Former banker Ricardo Salgado is set to face trial in a new corruption case. He is accused of bribing the then vice-president of the Banco do Brasil with the help of two Banco Espírito Santo (BES) employees in 2011.
The accusation was announced by the Central Department of Investigation and Criminal Action on Thursday. The judge overseeing the case, Nuno Dias Costa, also ordered the trial of four other individuals: João S., Paulo N., and Paulo M.
The case originates from the investigation into the collapse of the Espírito Santo group, with the accusations involving crimes of active corruption, passive corruption in the private sector, and money laundering.
The allegations center around Salgado securing $200 million in liquidity instruments from the Banco do Brasil, in exchange for over $1 million in bribes. The alleged bribery scheme involved a complex network of offshore companies and fictitious contracts designed to conceal the origin of the funds.
Three of the eight defendants, including a lawyer couple, were found not guilty of three counts of document forgery due to the statute of limitations. The Banco do Brasil's former vice-president, Allan T., was not charged in Portugal, but the case was referred to Brazilian authorities.
This is not the first time Salgado has faced legal trouble. He was arrested in Brazil in 2015 for alleged involvement in a money laundering ring.
Key Points:
- Former BES boss Ricardo Salgado is accused of bribing the Banco do Brasil's former vice-president, Allan T., with over $1 million in exchange for $200 million in liquidity instruments.
- The case involves a complex scheme with offshore companies and fictitious contracts designed to conceal the origin of the funds.
- Three of the eight defendants were found not guilty of document forgery due to the statute of limitations.
- The Banco do Brasil's former vice-president was not charged in Portugal, but the case was referred to Brazilian authorities.
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