Expatica news

Funds to cover BES depositors were taken by Novo Banco

The former head of legal services at Banco Espírito Santo, Rui Silveira, said in court on Monday that BES depositors were covered because the bank left provisions to reimburse everyone.

The lawyer coordinated the Legal Department of BES and advised the Board of Directors between 1992 and 2000. He then advised the board of directors until the bank went bust in August 2014.


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