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Manuel Pinho
Manuel António Gomes de Almeida de Pinho (born 28 October 1954) is a former Portugal, Portuguese Minister of Economy and Innovation (2005–09) in the José Sócrates cabinet, who subsequently became an energy policy academic (2010–17) under circumstances that led to indictments in Portugal in 2017 and 2019
[Jornal de Notícias] (27 June 2019)
and to house arrest since 2021 on multiple charges of corruption, passive corruption, tax fraud, and money laundering. According to those charges, Pinho improperly benefited, by at least 1.2 billion euros, Portugal's EDP - Energias de Portugal electricity company in exchange for it paying Columbia University to hire him after he left government; and he received, also while in office, at least 4.5 million euros
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Ministry Of Economy And Innovation
The Ministry of Economy ( pt, Ministério da Economia) is a Portuguese government ministry. Portugal Economy An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the ...
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Espírito Santo Financial Group
The Espírito Santo Financial Group (ESFG) is a Portuguese holding company with headquarters in Luxembourg, founded in 1984. The group represents the interests of the Portuguese ''Espirito Santo Group'', which has major investments in Portugal and Europe, Americas, Africa and Asia. The company is listed on the NYSE Euronext and the London Stock Exchange. The flagship of ESFG is the Banco Espírito Santo(BES), a full-service bank based in Lisbon. The bank has subsidiaries within and outside of the Portuguese-speaking business world. Through its subsidiaries, ESFG provides a series of banking services that are centered in the Banco Espirito Santo. These are general insurance services (Tranquilidade) and health services (BES Saúde). In addition to the Banco Espirito Santo in Portugal, Azores and Madeira, BES has branches in Luanda, as well as branches or offices in São Paulo, Praia, Madrid, London, Frankfurt, Paris, Warsaw, Lausanne, Macau, Panama City, Dubai, Miami, New York ...
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Público (Portugal)
''Público'' (; English: ''Public'') is a Portuguese daily national newspaper of record published in Lisbon, Portugal. History and profile ''Público'' was first published on 5 March 1990. The paper was founded by Sonae and is owned by the Sonae group. In 1992 Italian media company Repubblica International Holding SA, a subsidiary of Gruppo Editoriale L'Espresso, acquired 16.75% of the paper. ''Público'' is published in tabloid format and has its headquarters in Lisbon. The paper is known as a publication of the French school with extensive texts and few illustrations. Its first editor-in-chief was Vicente Jorge Silva, formerly sub-editor-in-chief at ''Expresso''. José Manuel Fernandes also served as the editor-in-chief of the paper. Since 2009 Bárbara Reis has served as the editor-in-chief. ''Público'' is one of the first Portuguese mainstream newspapers to have an online edition which was started in 1995. Its online edition was free and included almost all the articles fr ...
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Ricardo Salgado (2009)
Ricardo Espírito Santo Silva Salgado (born June 25, 1944) is a Portuguese economist and convicted banker. President of Banco Espírito Santo, which was founded by his grandfather, he was, until July 2014, the banker active for the longest time in Portugal. Salgado was detained on the 24 July 2014 in an investigation into suspected tax evasion and money laundering. He was later released on bail of €3m after being questioned by a magistrate at Lisbon's central court of criminal investigation. Education Ricardo Salgado was born in Cascais. The great-grandson of José Maria do Espírito Santo Silva and maternal grandson of Ricardo Espírito Santo Silva Ribeiro, Salgado spent the first years of his life in Lisbon. He lived in Lapa, where he studied at a public elementary school and later at Liceu Pedro Nunes. He has a degree in Economics from the Higher Institute of Economic and Financial Sciences of the Universidade Técnica de Lisboa (1969), and did his Military Service in t ...
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Lineal Descendant
A lineal descendant, in legal usage, is a blood relative in the direct line of descent – the children, grandchildren, great-grandchildren, etc. of a person. In a legal procedure sense, lineal descent refers to the acquisition of estate by inheritance by parent from grandparent and by child from parent, whereas collateral descent refers to the acquisition of estate or real property by inheritance by sibling from sibling, and cousin from cousin. Adopted children, for whom adoption statutes create the same rights of heirship as children of the body, come within the meaning of the term "lineal descendants," as used in a statute providing for the non-lapse of a devise where the devisee predeceases the testator but leaves lineal descendants. Among some Native American tribes in the United States, tribal enrollment can be determined by lineal descent, as opposed to a minimum blood quantum. Lineal descent means that anyone directly descended from original tribal enrollees could b ...
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Espirito Santo Financial Group
''Espirito'' (Brazilian for "Spirit") is the second album by Lawson Rollins. Rollins composed all of the music and co-produced the album with Persian-American musician and producer Shahin Shahida (of Shahin & Sepehr) and multi-platinum producer Dominic Camardella (Flora Purim, 3rd Force, Ottmar Liebert). The cast of musicians includes the Grammy-nominated Brazilian singer Flora Purim, percussionist Airto Moreira, Iranian kamancheh player Kayhan Kalhor (of the Silk Road Ensemble), and Grammy winners Charlie Bisharat on violin as well as Cuban drummer Horacio Hernandez. The songs "Moonlight Samba" and "Havana Heat" from "Espirito" landed on the ''Billboard'' jazz chart. ''Espirito'' met with positive reviews from jazz Jazz is a music genre that originated in the African-American communities of New Orleans, Louisiana in the late 19th and early 20th centuries, with its roots in blues and ragtime. Since the 1920s Jazz Age, it has been recognized as a major ... and world musi ...
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Banco Espírito Santo
Banco Espírito Santo (BES) was a Portuguese bank based in Lisbon that on 4 August 2014 was split in two banks: Novo Banco, which kept its healthy operations, and a "bad bank" to keep its toxic assets. It once was the second-largest listed Portuguese bank and the ninth-largest contributor to the PSI-20 index. BES was the second-largest private financial institution in Portugal in terms of net assets (€80,700 million in March 2011), with an average market share of 20.3% in Portugal and 2.1 million clients. On 3 August 2014, Banco de Portugal, Portugal's central bank, announced a €4.4 billion bailout of BES that heralded the end of BES as a private bank. The bailout was funded by the Portuguese Resolution Fund ( pt, Fundo de Resolução). The bank was split into a healthy bank, Novo Banco, while the toxic assets remained in the existing bank until its liquidation in July 2016. It has since been proven that the administration of BES led by Ricardo Salgado "disobeyed the Bank of ...
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Credit Lyonnais
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from ...
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Manufacturers Hanover
Manufacturers Hanover Corporation was the bank holding company formed as parent of Manufacturers Hanover Trust Company, a large New York bank formed by a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation. Charles J. Stewart was the company's first president and chairman. The corporation acquired the former Union Carbide Corporation headquarters at 270 Park Avenue, and though it merged into Chemical Banking Corporation for $1.9 billion in 1991, the successor corporations down to today's J.P. Morgan Chase & Co. have continued to locate their headquarters in that building. History Manufacturers Trust Company Manufacturers Hanover traces its origins to the 1905 founding of Citizens Trust Company of Brooklyn. Through a series of acquisitions, the bank would grow into one of New York's largest banks within its first twenty years. Citizens Trust's first major acquisitions came with its mergers with the Broadwa ...
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Organisation For Economic Co-operation And Development
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organization, intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a Forum (legal), forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are High income economy, high-income economies with a very high Human Development Index, Human Development Index (HDI), and are regarded as Developed country, developed countries. Their collective population is 1.38 billion. , the OECD member countries collectively comprised 62.2% of List of countries by GDP (nominal), global nominal GDP (US$49.6 trill ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ...
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