Álvaro Sobrinho suspected of diverting 500 million dollars from BESA bank
Prosecutor wants to seize the assets of the former president of BESA, but the lawyer of the Angolan argues that there is no evidence of a crime.
The former president of Banco Espírito Santo Angola (BESA) is suspected of having diverted 500 million dollars, equivalent to Rs 17.5 billion, from the Angolan bank. The Public Prosecutor's Office (PPO) will be investigating the appropriation of funds by Álvaro Sobrinho for himself and for third parties, as reported by Correio da Manhã.
In the judgment of the Court of Appeal of Lisbon, dated July 2016 and to which Correio da Manhã had access, the PPO states that Álvaro Sobrinho will have appropriated a million-dollar grant "which integrates the values placed at the disposal of the BESA president in accounts opened in Portugal and Switzerland for accounts of the defendant's ownership and of companies that exist in their interest."
When Sobrinho left office in 2012, he had a debt to BESA of 3.3 billion euros (Rs 132 billion). "The existing evidence is likely to reveal the defendant's involvement in fraudulent credit granting processes," said the PPO, quoted by Correio da Manhã. The court now wants to seize Sobrinho's assets, but the Angolan lawyer refutes the charges, arguing that the court found no evidence of a crime.