Home News Massive fiddle at Caixa Geral – loan records must be handed over

Massive fiddle at Caixa Geral – loan records must be handed over

Published on 10/07/2017

The Public Prosecutor’s Office is on the case of Caixa Geral de Depósitos and suspects that senior managers of the State-owned bank have been fiddling the books for years to hide losses, despite these managers having just been cleared by MPs on a Commission of Inquiry.

The prosecutor claims that non-performing loans, a minimum of €1.4 billion has been mentioned, were classed as ‘active’ even though repayments had stopped with borrowers defaulting between 2007 and 2016.

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