Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Fraud case involving collective investment scheme
The Public Ministry charged three former BPP officials with fraud in a case alleging that a collective investment scheme caused approximately €41 million in damage to hundreds of clients.
2010
Liquidation and bankruptcy
Banco de Portugal ordered BPP’s liquidation after concluding that recapitalisation and recovery efforts could not succeed. The bank was declared bankrupt in 2010.
2009
BPP accounting, tax, and money-laundering investigation
Former BPP officials, including founder João Rendeiro and former board committee members Paulo Guichard and Salvador Fezas Vital, became subjects of proceedings involving alleged falsified accounts, tax crimes, and money laundering.