CDS Demands Centeno's Urgent Parliament Hearing Over Controversial Bank of Portugal HQ Deal
Observador7 hours ago
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CDS Demands Centeno's Urgent Parliament Hearing Over Controversial Bank of Portugal HQ Deal

Politics
bankofportugal
máriocenteno
cds-pp
finance
lisbon
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Summary:

  • CDS-PP demands urgent hearing of Mário Centeno over Bank of Portugal's new HQ deal

  • Deal involves €191.99 million for 'core & shell' phase, with total costs potentially reaching €280 million

  • 16 high-risk alerts identified in due diligence reports, including lack of construction licenses

  • Initial payment of €57.5 million made, despite unresolved legal and technical issues

The CDS-PP parliamentary group, led by Paulo Núncio, has called for an urgent hearing of Bank of Portugal Governor Mário Centeno at the Budget and Finance Committee. This move comes in response to revelations about the bank's dealings concerning the acquisition of its new headquarters.

Key Points:

  • The CDS-PP cites an Observador investigation as the basis for demanding Centeno's testimony.
  • Centeno, whose term recently ended, approved a promissory contract with Fidelidade Group for the construction of the new headquarters on the former Feira Popular site, despite warnings of high risks and legal contingencies.
  • Reports highlight 16 'red flags', including the lack of necessary licenses and the potential for construction halts by Lisbon's City Council or judicial intervention.
  • The total investment could soar between €235 million and €280 million, far exceeding the publicly stated €191.99 million for the 'core & shell' phase.
  • An initial payment of €57.5 million has already been made by the Bank of Portugal.

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