The source added that Ricardo Salgado would no longer have to post the €1.5 million bail the court had set in November after reappraising the measures.
The former CEO is still, however, forbidden from leaving the country and from contacting other suspects in the case regarding BES.
On 3 August 2014, the Bank of Portugal took over the reins of BES after it had presented net half-yearly losses of €3.6 billion and split the institution into a bad bank with all the toxic assets and liabilities (a vehicle which is still called BES, and where the shareholders are corralled) and a good bank, called Novo Banco, which the Portuguese government has already tried to sell once.
The former banker is involved in several cases of money laundering, tax fraud and related crimes.
Former top banker released from house arrest
By , in Business · 17 Dec 2015, 14:13 · 2 Comments







WHY ? !!!!!!!!
By Terence from Algarve on 19 Dec 2015, 19:01
Always the best content from these prgdioious writers.
By Carrie from Açores on 12 Jan 2016, 07:57