Thursday, April 15, 2021

Tenant shakes off guilt and says “you have nothing to fear”

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Mário Cruz / Lusa

João Rendeiro, sentenced to five years and eight months in prison for computer forgery at Banco Privado Português (BPP), rejected, in an interview with TVI24 and ECO, more responsibilities than those of other administrators who were sentenced to suspended sentences.

In an interview with TVI24 and ECO this Tuesday, the former president of Banco Privado Português (BPP), João Rendeiro, rejected having more responsibilities than other administrators who were sentenced to suspended sentences, but agreed to assume the responsibilities in solidarity with the other executive managers.

What I did, I didn’t do it. You do not see a single document signed by me, a single email, there is not a single direct proof that links me to these facts. I don’t want to shirk responsibilities, now what I can’t accept is that within the board of directors, which, according to the law, is a solidary body, everyone is responsible for the acts that happen in the context of management, “said the former president .

“Just because I call myself João Rendeiro and appear in the newspapers, I am credited. I do not assume the responsibilities of others I don’t even assume them alone. So, if the others, who were jointly and severally responsible, have negligible penalties, why do I have a heavy sentence? ”He asked.

Asked about his responsibilities, Rendeiro said that “they are responsibilities that have to do with bank management in general terms and the relationship with shareholders, and being the bank’s ambassador in public terms ”.

“I think we did something that I think is wrong but that was well intentioned. In November 2008, we already had a notion that there was going to be an intervention by Banco de Portugal and we wanted to make the transition from a clean balance sheet to Banco de Portugal. This in ours… in my naivete, thinking that Banco de Portugal intended to enter the bank and make the bank viable ”, he explained.

“In that sense, we did some operations in November 2008 to ‘clean up the balance sheet that today would not have done them. In particular, two operations were carried out in November 2008 that are just two accusations“, Added João Rendeiro.

Asked what he will do if the decision of the Constitutional Court (TC) is unfavorable to him, Rendeiro said: “I am a free spirit person, so what will happen or what will not happen, we will see”.

Regarding whether he will voluntarily surrender to justice, the former president refused to speak of “hypothetical situations”. “Now what I notice is that we are talking about a condemnation of a professional class, of bankers, and I thought the law was the same for everyone ”.

In the same interview, Rendeiro says that there are no injured customers and that the 450 million euro loan line with public guarantee granted to BPP was used to pay deposits to individuals and institutions. “Only those who did not want to receive their deposits,” he said.

The BPP founder repeated his criticisms of Banco de Portugal (BdP) and the government of the time. “At the high, there was a political-financial alliance Prime Minister José Sócrates and the country’s main banker at the time, Dr. Ricardo Salgado, in the sense of controlling the Portuguese financial system ”

“BPP was growing very fast, it was ‘hitting the callos’ to the big banks” in the area of private banking, he assured.

João Rendeiro published the book “In defense of honor”, ​​a kind of testimony about the rise and fall of the bank. In the book, Rendeiro writes that Teixeira dos Santos was known as “the banana” and the governor of the BdP at the time, Vítor Constâncio, is nicknamed “coward.”

“I have to lose, as I say in the title [do livro], my honor. Now, what I can tell you is that I have nothing to fear, ”he said. “People are very concerned about my heritage, if they are, I must tell you that I am not. The only thing that worries me is that my wife is well ”.

“I wrote in my first book that I would leave my fortune to societySo, if someone is worried about it, I have the impression that they are worried about wrong things, they are worried about meanness, they are worried about poverty, I think they should be about creating wealth and thinking about how the country manages to get more rich instead of how the country gets poorer ”.

Maria Campos Maria Campos, ZAP //

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