Saturday , July 2 2022

BPN Pope Flores. Arlindo de Carvalho, Oliveira and Costa and Jos Neto condemned – Passport


Oliveira e Costa is sentenced to 12 years in prison for two crimes with qualified ruling. According to Oliveira and Costa, the judges panel was defined as mitigating age (83 years) and the serious state of health of the former president of Banco Português de Negócios.

Arlindo de Carvalho sentenced to six years in prison for a crime of
qualified fraud and another of tax fraud, the same punishment as it was
applied to José Neto, partner of Arlindo de Carvalho in the company
Furniture extensions.
The company was sentenced to a fine of 85 thousand euros.

Judge Maria Joana Grácio pointed out that the Penalties for Oliveira and Costa and Arlindo de Carvalho had pointed out that both had exercised public and political functions, given that there were "intense irregularities" for the facts tried and sentenced.

Luís Caprichoso and Francisco Sanches were sentenced to 10 years in prison, while Coelho Marinho and José Monteverde, administrators of the BPN Summit, were sentenced to four years in prison.

The judge panel understood that all sentenced defendants acted with "very serious evil" and that they had "opportunistic, greedy, unscrupulous" attitudes.

Of the accused, only Ricardo Oliveira was acquitted. To this defendant the highest binding ever had been applied, in the amount of five million.

After leaving the court, João Nabais, lawyer of Arlindo de Carvalho and José Neto, has revealed that he will appeal against the decision. Nabais considered it "absurd" that the panel of judges had considered his clients had fooled Portugal by Portugal, as no ordinary citizen has the opportunity to do that, only the heads of banking institutions.

In the last statements, last October, the prosecutor's office had requested effective prison sentences for Arlindo de Carvalho, former health ministers, Oliveira and Costa, and the other respondents in the process.

Attorney João Paulo Rodrigues then gave all the facts as evidence in the statement office. He also understood that he had not prosecuted the crime with qualified tax fraud with Arlindo de Carvalho and José Neto, a partner of the former minister of real estate industry Amplimóveis.

In 2000, the former administrator of Francisco Sanches and Luis Caprichoso decided to expand the BPN Group's activities to non-financial sectors, namely real estate, tourism and new technologies, as a way to escape the supervision of the Banco de Portugal.

The prosecution has shown that the managers used "trusted third parties" to act as "trustees" in investment projects actually belonging to and owned by the group that owned BPN.

The prosecutor also concluded that Arlindo de Carvalho and José Neto wrongly received about 80 million euros from BPN and Banco Insular de Cabo Verde as trusted men in business led by Oliveira Costa and other Board members of Sociedade Lusa de Negócios.

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