PORTUGAL TRIALS VICTIMS

Trial begins ten years after Portugal's Espirito Santo Group bank collapse

epa11660160 Former Banco Espirito Santo (BES) administrator Amilcar Morais Pires (C), one of the defendants, flanked by Jorge Novo (2-L), a victim of the BES collapse, arrives at the Campus de Justica on the first day of the trial of the BES/GES case, in Lisbon, Portugal, 15 October 2024. 10 years after the collapse of the Espirito Santo Group (GES), the BES/GES trial begins on 15 October in a case with more than 300 offenses and 30 defendants, including former Banco Espirito Santo (BES) president Ricardo Salgado, who is the main defendant. The former GES chairman is charged with 65 offenses, including criminal association, qualified fraud, active corruption, money laundering, document forgery, infidelity and market manipulation. EPA/ANDRE KOSTERS

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