The supervisor did not find a "causal link" in the CGD-BCP transition

TI must say with the greatest candor that I did not find it, I did not see a causal link ", referring to the approval of the financing by CGD directors of One of the parties to the "power struggle" of the BCP and its Pedro Duarte Neves, PCP deputy, Paulo Sá in Parliament, then made his decision.

During his second hearing at the parliamentary inquiry commission on the recapitalization and management of CGD, Pedro Duarte Neves estimated that "an administration of the BCP designating normal conditions for the bank" was designated .

"In this context, only the ultimate factors that were revealed later are those that led to these December meetings. [de 2007]"said the former head of supervision at the Bank of Portugal, referring to complaints about offshore BCP.

Pedro Duarte Neves said this in his "memory" and "in his" memory "and in his" memory "and" notes, "were" two accusations of someone we spoke to this committee on several occasions . "

According to Pedro Duarte Neves, the denunciations were sent on November 28 and December 11, 2007, but the former vice-governor also said that he was aware of "previous denunciations related to other aspects. "that would have happened" somewhere in the world ". summer ".

The denunciations "were sent to the Bank of Portugal and appeared in the media shortly thereafter".

Pedro Duarte Neves stated that the first complaint was not "conclusive" and that only the second "led to the conclusion of the serious crimes committed under the PCA that occurred during the first half of the year. decade".

These denunciations led to shareholder meetings with the Banco de Portugal on December 20 and 21, mentioned at the hearing today by the former Governor of the Bank of Portugal, Vítor Constâncio.

Mr Constâncio said that "several shareholders wanted to know if the news was true and they wanted to know what could happen to the bank".

"In order to not hurt anyone, we decided – it was not me – that it was better to call a group of shareholders, depending on the percentage of capital" , did he declare.

Vítor Constâncio also told shareholders at the meeting that "the serious things have been confirmed at BCP", "that they could not say anything about the current procedure" and that shareholders should "stabilize the bank".