Economy

NB Director Says Prebuild Bloated Hallelujah Accounts – Banca & Finanças

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Daniel Santos, director of corporate credit collection at Novo Banco, says Cerâmica Aleluia, the only asset that Prebuild (owned by João Gama Leau) held and turned over to the bank, had its accounts “staggered” in an attempt to hide the company’s “harmful management” which was “removed”.

The official was heard by MPs on Tuesday, May 25, as part of the parliamentary committee to investigate the Novo Banco case. It was the day that the former and current directors of the financial institution’s compliance department also went to parliament.

Daniel Santos admitted that the factory already had problems before moving to Prebuild in 2012, adding that there was a perception that the group, whose debt to Novo Banco reached 300 million euros, could “put the company back in better shape.” conditions. “But this did not happen.” [da Cerâmicas Aleluia] they were blown away to hide the harmful three-year management, ”said Daniel Santos, noting that“ it was the company that was taken down, ”and export sales were not received.

There were even “complaints from workers” asking “to act as soon as possible to get the company, because it will not cease to exist in a short time,” he stressed.

At his hearing, Joao Gama Lean attacked Novo Banco, ensuring that Prebuild simply didn’t survive because the bank was not available to help those now one of its large debtors.

“Attempts by Novo Banco to recover my debt were nil,” he said in parliament, also noting that “it is easier to bury a company and then go to taxpayers to ask for money than to treat a businessman in a difficult situation.”

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