Álvaro Sobrinho

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Álvaro Sobrinho (2014)

Álvaro de Oliveira Madaleno Sobrinho (* 1962 in Luanda ) is an Angolan businessman and banker.

Working life

Sobrinho's parents owned a bakery and real estate in Angola before the civil war (1975–2002). Sobrinho studied mathematics and statistics at the New University of Lisbon . After studying in Portugal , he began his career with the insurance company "World Trust".

In the early 1990s, he moved to the holding company Espírito Santo Financial Group , where he was CEO of Banco Espírito Santo Angola (BESA) until October 2012 . Álvaro Sobrinho was also elected President of the Planet Earth Institute (PEI) in London.

Investigations

Legal proceedings against him have been pending in Portugal since 2013. The Portuguese and Angolan authorities accuse him of money laundering and fraud . A year earlier, Sobrinho was released from his duties as CEO of BESA, but remained in the service of the bank as “Non-Executive Chairman”.

After the bankruptcy of the Portuguese parent company Espírito Santo International (ESI) in 2014, it was found that the BESA branch in Angola had accumulated unsecured loans totaling $ 5.7 billion (EUR 4.2 billion), 80% of which came from the Term of office should come from Sobrinho. The Angolan state has given a guarantee for the loans. Sobrinho is said to have given himself an unsecured loan of 200 million euros. The Portuguese Departamento Central de Investigação e Ação Penal (Central Investigation and Prosecution Department ) accused Sobrinho of money laundering of 80 million euros. In this context, luxury properties in Sobrinhos were confiscated by the public prosecutor in Portugal in the summer of 2015.

Through his holding company Holdimo, Álvaro Sobrinho holds 29.9% of the Portuguese first division club Sporting Lisbon . Sobrinho also bought into the Portuguese media market. He now controls the publications Sol , Correio da Manhã and the business newspaper Jornal de Negócios .

In Switzerland, the ex-head of Banco Espirito Santo Angola Sobrinho has been under investigation since 2014 for moving assets of dubious origin to Switzerland - Credit Suisse is also involved . On August 13, 2014, the federal prosecutor's office opened criminal proceedings against Sobrinho for money laundering. To date, it has blocked assets of over 160 million Swiss francs in Switzerland.

In the island state of Mauritius , President Ameenah Gurib -Fakim ​​had to resign in 2018 after a corruption scandal. In her private life, she made extensive use of a credit card from the Sobrinho-dominated Planet Earth Institute (PEI). Bribery was suspected as Sobrinho was looking for investment opportunities in Mauritius.

Web links

Individual evidence

  1. ↑ Article in Negodios of October 16, 2012 (Portuguese)
  2. ^ Message from the Chairman . planetearthinstitute.org.uk. Accessed June 4, 2015
  3. ↑ Álvaro Sobrinho: MP investiga transferência bancária suspeita de 3,3 milhões de euros Expresso Online, accessed November 16, 2011 (Portuguese)
  4. ↑ Líder do BES / Angola suspeito de lavagem de dinheiro ( Memento from June 6, 2012 in the Internet Archive ) Diário de Noticias, accessed November 16, 2011 (Portuguese)
  5. ↑ Diário de Notícias, February 3, 2012, p. 19: Milhões do Banco de Angola deram a volta ao mundo ("Millions of the Angolan National Bank on their journey around the world") (Portuguese)
  6. ↑ ' ' Espírito Santo is broke - bankruptcy filed. In: Manager Magazin of July 21, 2014
  7. ↑ Casas de luxo de Álvaro Sobrinho arrestadas pela justiça ' '. In: Observador of August 10, 2015 (Portuguese)
  8. ↑ Álvaro Sobrinho alvo de nova apreensão de bens por suspeitas de branqueamento de capitais . (Portuguese) In: Observador, 29 November 2016
  9. ↑ Álvaro Sobrinho dono de 29.9% das ações da SAD do Sporting (Portuguese) Journal Económico of December 12, 2016
  10. ^ Raphael Minder: Investment in Angolan Banking May Prove a Crippling Deal for Portugal . In: New York Times, July 29, 2014
  11. ↑ Federal prosecutor blocked 160 million . In: Der Tagesspiegel from April 2, 2017
  12. ↑ Shoppintour at the expense of an aid organization In: Neue Zürcher Zeitung of March 13, 2018
personal data
SURNAME Sobrinho, Álvaro
ALTERNATIVE NAMES Oliveira Madaleno Sobrinho, Álvaro de (full name)
BRIEF DESCRIPTION Angolan businessman
DATE OF BIRTH 1962
PLACE OF BIRTH Luanda