Ricardo Salgado to hear sentence this Monday

  • ECO News
  • 7 March 2022

This Monday, Ricardo Salgado will know his future in the case "Operação Marquês". The former banker is accused of three crimes of abuse of trust.

The outcome of the case “Operação Marquês” for Ricardo Salgado, one of the defendants, is known this Monday. At stake are three crimes of abuse of trust. Sentence hearing is scheduled for 4:00 pm in Campus da Justiça, in Lisbon.

Ricardo Salgado is being tried for crimes related to Espírito Santo Enterprises, the well-known “saco azul” of GES, involving a value of more than €10 million. The trial took place autonomously from the other “Operação Marquês” defendants, as Ivo Rosa, at the time of the instructional decision in April 2021, announced that he would separate the proceedings of Salgado, Armando Vara, Carlos Santos Silva, João Perna and José Sócrates. Vara is already convicted of money laundering, but the trials of Socrates, his former driver and Santos Silva are not yet scheduled.

In April 2021, Judge Ivo Rosa found Ricardo Salgado guilty of three counts of abuse of trust, dropping two counts of active corruption, nine counts of money laundering, three counts of document forgery and three counts of qualified tax fraud.

The crime of abuse of trust is charged against anyone who “unlawfully appropriates movable or animal property that has been handed over to him by a non-transferable title of ownership”, and is punishable by a prison sentence of up to three years or a fine. In theory, Ricardo Salgado could be sentenced to 12 years in prison.