CGD’s administrator threaten to resign if they have to declare their income

  • ECO News
  • 3 November 2016

António Domingues, the chairman of Caixa Geral de Depósitos (CGD) and the remaining administrators had until monday to declare their income to the Constitutional Court, but did not do so.

Some of CGD’s administrators are threatening to resign from their current position if they are forced by the Constitutional Court (CC) to hand in their income and property declaration. The news was brought forward by Portuguese newspaper Jornal de Negócios in this Monday’s edition.

António Domingues and his team argue they are “scrupulously respecting the law” and have no intent in declaring their income, regardless of deputies’ claims.

Such demands can only be made by the Constitutional Court; but if that is to happen, there are administrators threatening to quit their jobs, the newspaper Negócios says, without pointing out names.

At issue is the fact the government’s changes to CGD’s Public Manager Statute have exempted the administrators of reporting to the CC, the Inspectorate General of Finance (IGF) or to the Prosecutor-General’s Office (PGR). However, there is a Portuguese law, from 1983, which forces the declaration of income to the Constitutional Court within the 60 days after taking office.

That 60 day limit has ended monday, and António Domingues and his team have not presented any declaration to the CC. Now, it is up to this entity to clarify whether or not they must declare their income, but it is not certain the CC will even come to take a stand about the subject.