Former BES boss loses final appeal against €3.7 million fine

Public prosecutors call for 10 year jail term for former BES boss, who appears in court for first time

Former BES boss Ricardo Salgado has appeared today in court for the first time, to say what his defence team has been saying for weeks: he is in no condition to give testimony in the trial extracted from the wider Marquês investigation, in which he is accused of three crimes of abuse of confidence and the ‘diversion’ of €10 million for Grupo Espírito Santo into his own ‘personal sphere’.

The 77-year-old told the panel of judges: “Your honours, I am not in condition to give any statements” – a situation he attributed to the fact that he has been diagnosed with Alzheimer’s disease.

The Public Ministry is calling for Mr Salgado to be condemned to 10 years in jail.