Saturday, August 8, 2015

BES can not have money to pay retirement Salgado – TVI24

Banco Espirito Santo seems to have no money to continue to pay the retirement Ricardo Salgado and the other directors who were in office until 2014.

The reforms of the former leadership of the BES totaling 13 and a half million euros and are being paid the “bad bank” because the responsibility for paying pensions to BES former managers were moved to the New Bank.

As TVI advanced for days, BES has a hole of € 2.4 billion and has no expectation of generating profits to bridge the losses. In addition to a huge debt, BES took the assets, many of them toxic, which alone are worth 193 million euros.

So the Morning Post advances that BES can help pay for reforms to the previous administration.

The former chairman of BES, remember, is under house arrest since July 25, as part of investigations related to the Holy Spirit universe.
 
                                                                                     

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