BANCO ESPIRTO SANTO E (BKESF)

[GhostInTheMatrix]

NEWS OUT

A group of 230 small shareholders of Banco Espírito Santo (BES) presented a precautionary measure to block the sale of the New Bank, known as the "Chinese business", to the Administrative Court of the Círculo de Lisboa. The injured people represented by the law firm Miguel Reis & Associados question where the provision was aimed at reimbursing clients who invested in commercial paper from GES to the branches of BES and advance against the Bank of Portugal because they believe that the banking supervision entity made a "Assault" and a "confiscation" of Banco Espírito Santo in appropriating amounts and assets that should be used to pay the injured parties.