Former economy minister admits tax evasion; says he’s sorry

But there’s nothing to be done. Manuel Pinho, still under house arrest over the so-called EDP case, has admitted to having avoided paying tax; having not declared monthly payments of €15,000 from Group Espírito Santo, and being sorry. But his defence counsel points out that Mr Pinho took advantage of a tax amnesty to regularise his affairs – and any criminal liability has long since lapsed. Mr Pinho continues to insist that he was not ‘corrupted’ by Ricardo Salgado (former boss of BES), and ‘even if he was’, that corruption also has lapsed. Explain reports today, Manuel Pinho is still charged with money-laundering, within the tortuous EDP case that dates back many years.