Joe Berardo was detained this Tuesday morning as part of an operation that involved “180 professionals”, 138 elements from the Judiciary Police and 26 from the Tax and Customs Authority, among others.
In a statement sent to the newsrooms, in which the name of Joe Berardo is not mentioned, the PJ states that the operation was carried out by the National Unit for Combating Corruption, spread over Lisbon, Funchal and Sesimbra, which was triggered in the “investigation scope , in progress, due to the suspicion of the practice of crimes of harmful administration, qualified fraud, tax fraud and money laundering”.
“51 searches were carried out, being 22 house searches, 25 non-domestic searches, three searches in a banking institution and one search in a lawyer’s office”, continues the note issued by the PJ, clarifying that the operation “focused mainly on an economic group that, between 2006 and 2009, it contracted four financing operations with Caixa Geral de Depósitos, in the amount of approximately 439 million euros”.
The aforementioned investigation was “started in 2016”, having identified “internal procedures in processes of granting, restructuring, monitoring and recovering credit, contrary to good banking practices and which may constitute the practice of crime”.
The PJ also refers that the economic group being investigated “has failed to comply with the contracts and has resorted to debt renegotiation and restructuring mechanisms in order not to amortize it”.
“Currently, this economic group has caused losses of almost one billion euros to CGD, Novo Banco and BCP, having identified acts that could lead to criminal liability and the dissipation of assets”, concludes the statement.
It should be remembered that Joe Berardo is one of the so-called big debtors of CGD, having participated, in 2019, in a parliamentary inquiry commission that resulted in the opening of several legal actions against the Madeiran.
Source: Jornal de Negócios by www.jornaldenegocios.pt.
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