Banco Privado Português
Industry | Investment services |
---|---|
Founded | 1996 |
Defunct | 2010 |
Fate | bankruptcy, liquidation |
Headquarters | Lisbon, Portugal |
Key people | João Rendeiro |
Products | Financial services Investment banking Investment management |
Website | BPP Homepage |
Banco Privado Português (BPP) was a private Portuguese bank, based in Lisbon.
Founded by João Rendeiro it's currently in liquidation.[1][2]
On 24 July 2009, Paulo Guichard and Salvador Fezas Vital, two former board committee members of BPP were suspended by Banco de Portugal, and joined João Rendeiro in the , to be indicted for falsifying accounts, tax crimes and money laundering.[3]
On 15 April 2010, the Banco de Portugal, Portugal central bank, "after verifying the impossibility of recapitalization and recovery efforts of this institution", ordered the liquidation of the Banco Privado Português.[4]
On 11 October 2010, the Polícia Judiciária conducted searches at the homes of former officials of the BPP under the scope of an investigation into suspected money laundering and fraud.[5]
On 11 February 2013, João Rendeiro, Fezas Vital and Paul Guichard, former members of the board committee were charged by the Public Ministry with fraud, in a matter of a Collective investment scheme that damaged hundreds of clients for an estimated 41 million euros.[6] In May 2015, assets from João Rendeiro were seized to pay a 4.7 million euro fine from the Bank of Portugal.[7]
References[]
- ^ "BPP: João Rendeiro saldou três milhões de dívidas ao fisco". Expresso. 31 July 2009. Retrieved 16 July 2011.
- ^ "MENSAGEM DA COMISSÃO LIQUIDATÁRIA". Liquidation Board. Retrieved 5 February 2013.
- ^ "Caso BPP: constituídos mais dois arguidos". Diário de Notícias. 25 July 2009. Retrieved 16 July 2011.
- ^ Lima, Pedro (16 April 2010). "Banco de Portugal decreta fim do BPP". Expresso. Archived from the original on 2010-04-21. Retrieved 16 July 2011.
- ^ "BPP: Buscas na casa de ex-administradores". Expresso. 11 October 2011. Archived from the original on 15 November 2010. Retrieved 16 July 2011.
- ^ "Rendeiro acusado de burla no Banco Privado Português". Expresso. Archived from the original on 16 April 2013. Retrieved 12 February 2013.
- ^ "Caso BPP. Bens no valor de 4,7 milhões de euros arrestados a João Rendeiro". Observador. 6 May 2015. Archived from the original on 18 August 2015. Retrieved 30 May 2015.
External links[]
- Defunct banks of Portugal
- Banks established in 1996
- 2010 disestablishments in Portugal
- Banks disestablished in 2010
- Former investment banks
- Portuguese companies established in 1996
- European bank stubs
- European company stubs
- Portugal stubs