Judge Carlos Alexander rejected the bail proposal put forward by Luis Filipe Vieira as part of Operation Red Card, puts forward “Public”.
The Magistrate of the Central Criminal Court understands that the assets presented by the former President of Benfica are insufficient to cover the € 3 million guarantee imposed by the court on his release.
I’m about “Newspaper” states that Benfica shares and more than 400 thousand euros, corresponding to a part of the property worth 1.2 million euros, do not have sufficient guarantees to cover the required 3 million euros.
Early Wednesday afternoon, the former incarnate director’s lawyer, Magallains and Silva, commented that there had been no notice from the court of the denial of bail.
Thus, Carlos Alexander demands additional guarantees from Luis Filipe Vieira, who, until he gives them, will remain under house arrest, where he was for more than two weeks.
The stock was worth 1.8 million a month ago
At the heart of the rejection is the value of SAD, a listed company that tends to fluctuate sharply as the daily exchange of securities shrinks.
This is the fifth session in a row in which Benfica shares are trading above 4 euros, with investors trading them for 4.37 on Wednesday session. Even without John Textor’s North American business, these are the highest prices at which SAD has traded on the stock exchange since the club’s public offering of takeover (OPA) initiated by CMVM in the first quarter of 2020.
According to today’s valuation, the embodied SAD is worth over € 100 million. At today’s prices, the 753,615 shares held by Luis Filipe Vieira are worth almost 3.3 million euros. But the recent fluctuation is such that when it returned a month, more precisely on June 28, the shares were worth 2.83 euros, which means that their market value was only 1.8 million euros.
CSM Announcement
After some news of the case was published, Judge Carlos Alexander made a statement to the Superior Council of Magistrates.
“After the media broadcast news today that did not come from the Central Criminal Court (TCIC), but also to clarify public opinion, it is reported that a ruling was issued yesterday by the investigating judge in charge of the case. the provision of bail submitted by the defendants, who were notified to the appropriate defense authorities by registered mail sent yesterday. “
Expresso contacted Magalhaes and Silva again, who said they had not received any information from the court about the proposed bail presented by the defense.
