Prime Minister Luís Montenegro's House Purchase Sparks Controversy Over Missing Account Details
Jornaleconomico.sapo.pt5 days ago
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Prime Minister Luís Montenegro's House Purchase Sparks Controversy Over Missing Account Details

Politics
portugal
politics
transparency
realestate
luísmontenegro
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Summary:

  • Luís Montenegro did not disclose the account number for his Lisbon house purchase worth €380,000.

  • His children provided account details for their apartment purchase, contrasting their father's actions.

  • The Property Registration Code does not require account number disclosure.

  • Montenegro used multiple accounts, each under €41,000, which do not need to be declared.

  • A declaration of income shows a €75,206 reduction in financial assets and a €100,000 credit from BCP.

Lack of Transparency in House Purchase

Recent reports from Correio da Manhã reveal that Prime Minister Luís Montenegro did not disclose the account number related to the €380,000 check used for purchasing his house in Lisbon in December 2023. This omission raises questions about financial transparency among public officials.

Montenegro's decision to withhold this information contrasts sharply with his children's actions, who did provide the account details for their own apartment purchase in December 2023. According to the report, the Property Registration Code does not mandate the disclosure of account numbers during property transactions.

Multiple Accounts Used for Payment

The Prime Minister reportedly utilized several checking accounts, each holding less than €41,000, which legally does not require declaration. The total cost of the apartment was €401,269, and shortly after the purchase, Montenegro submitted a declaration of income to the Transparency Authority, indicating a financial asset reduction of €75,206 and a new €100,000 credit from BCP.

This financial maneuvering has resulted in a total discrepancy of €226,000 compared to the overall expense of the property, prompting further scrutiny into the Prime Minister's financial dealings.

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