BES: Morais Pires denies harmful management and declares indignation at decisions taken after leaving – Money

The former financial administrator of BES today denied, in the Competition Court, having practiced any act of harmful management at the bank, as he was accused by the supervisor, and declared his indignation for decisions taken after his departure.

Amílcar Morais Pires testified throughout today, in the final phase of the judgment of the appeals filed against the fines of more than 17 million euros applied by the supervisor to BES and former directors, in the scope of the BESA and Eurofin cases, which were attached.

Refusing to answer the questions of Banco de Portugal (BdP) representatives, stressing that this attitude is linked to the institution that did not treat him “as it should be” and aimed at leaving out of the charge other Banco Espírito Santo officials, such as Joaquim Goes , Morais Pires stressed that there is “no matter” that can incriminate him for ruinous management and said that he has always been diligent, giving “the body to the bullets”.

The former financial officer of the bank said that he had filed criminal complaints and civil actions against the BdP and the auditor KPMG, assuring that he will not remain silent and stating that he believes that one day several issues at stake in the process will be clarified, namely in relation to Eurofin, the vehicle that sold the bonds placed with BES customers on the secondary market.

Morais Pires classified as “scandalous” decisions taken after he left BES, on July 13, 2014, namely the decision to repurchase the bonds, operations that generated losses in excess of 200 million euros, and the sale of Tranquilidade by 44 million euros, and then the Apolo Fund to put in 500 million euros, a situation that, he said, left him “indignant”.

The other situation that he classified as “scandalous” was the one that led to the revocation of the sovereign guarantee of the Angolan State, in the amount of 5,700 million dollars, which covered BES Angola’s credit portfolio.

The former administrator of BES explained to the Court that he assumed the responsibility of BESA within the scope of the intervention of the ‘troika’ in Portugal, having, from May 2012, promoted a change in management at the Angolan branch which culminated in the departure of Álvaro Sobrinho , first on the Executive Committee, taken over by Rui Guerra, and then on the Board of Directors, handed over to former Angolan Prime Minister Paulo Kassoma.

These measures earned him several threats and “defamatory” news, having even been designated, in Luanda, as a “target”, he said, stressing that his concern was always to solve the bank’s liquidity problem and that, after the meeting with the President of the Republic of Angola, he was “quiet”.

Morais Pires lamented that he was sitting in the dock for “defending the bank’s interests” and the fact that, after the news of the Expresso on July 7, 2014, he was “completely isolated”, using the image of monkeys that cover their eyes, ears and mouth to describe the attitude of the remaining administrators.

In the judgment initiated on June 2 at the Competition, Regulation and Supervision Court (TCRS) in Santarém, Morais Pires appeals the fines of 1.2 million euros applied by BdP in the scope of the BESA process and of 3.5 million euros of the Eurofin process.

In addition to Morais Pires, the former president of BES Ricardo Salgado, targeted in the BESA process (fine of 1.8 million euros) and in Eurofin (4 million euros), José Manuel Silva (1.250 million euros of the Eurofin), Rui Silveira (fine of 400,000 euros) and Gherardo Petracchini (150,000 euros), both in the BESA lawsuit.

The trial has allegations scheduled for August 25 and 26.

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