Resigns the president of the Portuguese CGD after being obliged to submit your income – W Radio

Lisbon, nov 27 (EFE).- The president of the state-owned Caixa Geral de depósitos (CGD), António Domingues, resigned today after the Portuguese Parliament passed a proposal which obliges the administrators of the institution to submit its statement of income and patrimony the Constitutional Court.

The resignation of Domingues, wrapped up several weeks ago in a bitter controversy over this issue, will be effective at the end of December, as reported in a press release the ministry of Finance in Portuguese.

The Government of the socialist António Costa “regrets” the resignation, adds the note, which explains that “very briefly” Domingues will be replaced by a person who “give continuity to the business plans and recapitalization already approved” for the CGD.

last Thursday, the Portuguese Parliament approved, with the rejection of the ruling Socialist Party, a proposal which will come into force next January 1, and that forces the managers of the FAC to present their declaration of income and wealth to the Constitutional Court.

Before the arrival of Domingues to the dome of the entity, the administration of the FAC was subject to the Statute of the Public managers of 1983 and had to submit to the Constitutional declaration with their income and their assets, being a company of state capital.

however, this year, the socialist Government approved a decree law that states that the administrators of the CGD no longer be affected by this Statute and it was not clear whether they were still required or not to declare their income.

The CGD is the largest bank in Portugal in terms of assets and is currently in the process of being recapitalizada, after the last August, the Portuguese Government and Brussels have agreed to strengthen the bank’s capital with up to 4,600 million euros. EFE