The money is intended to ensure the payment of compensation to investors of Private Financial who call themselves aggrieved by the action of the former managers of the BPP, reports the public.
court decreed the precautionary seizure of goods of John Rendeiro valued at 4.7 million euros, after the former president of the former Portuguese Private Bank (BPP), and Paul Guichard and Salvador Fezas Vital have failed to deposit a “collateral economic “nearly seven million euros, reports the public.
The court’s decision has” preventive “because there is” danger “of” loss of equity guarantee “and aims to” prevent particular right credit become dissatisfied, for not finding in the debtor’s assets, sufficient assets to pay, “that is announced when the final decision, and if he considers it unfavorable to the three defendants.
The three former managers of the BPP are being tried for various crimes, such as fraud and falsification of documents. The Prosecutor accuses them responsibilities in Financial Private, established in 2008 to participate in a capital increase of BCP, and accuses them of fraud crime by hiding the practice of investors relevant information about the vehicle.
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