Banco Privado Português
| Industry | Investment services |
|---|---|
| Fate | bankruptcy, liquidation |
| Founded | 1996 |
| Defunct | 2010 |
| 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 BPP case, 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]
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.
- ↑ "Banco de Portugal decreta fim do BPP". Expresso. 16 April 2010. Retrieved 16 July 2011.
- ↑ "BPP: Buscas na casa de ex-administradores". Expresso. 11 October 2011. Retrieved 16 July 2011.
- ↑ "Rendeiro acusado de burla no Banco Privado Português". Expresso. Retrieved 12 February 2013.