The PSD of Madeira presented this Tuesday in the regional parliament a vote of protest to the Government of the Republic for postponing the creation of the Credit Recovery Fund for the victims of Banif, noting that the promises have not yet been fulfilled.
“Enough juggling. It is time to act”, declared the Social Democratic deputy Carlos Fernandes, during the presentation of the protest vote, which will be voted on in the plenary session on Thursday.
The PS, JPP and PCP opposition parties expressed their support for the initiative, but also criticized the actions of the PSD/Madeira leaders and governors, for allegedly encouraged emigrants to invest in risky financial products.
Some illustrious people from this square went around the world to convince emigrants to invest their savings in funds and other financial products that were nothing more than a cat in a hare”, said the leader of the socialist parliamentary group, Rui Caetano, stressing that the The “Banif case” had a “huge impact”, especially in the autonomous communities.
Ricardo Lume, from the PCP, followed the same orientation, affirming that the protest vote of the Social Democrats is like a “mea culpa”, since “many leaders of the PSD/Madeira encouraged the emigrants to put their money in banks that were in bankruptcy”.
For the JPP, Élvio Sousa recalled that the Commission of Independent Experts confirmed illegal practices in the sale of financial products by Banif and considered it “regrettable” that a solution has not yet been found.
The protest vote against the Government of the Republic for postponing and not creating the necessary conditions for the existence of the Credit Recovery Fund for unqualified Banif investors also had the support of CDS-PP, a party that supports the Regional Government in coalition with the PSD.
In the vote, the Social Democratic deputies recall that, “almost six years after the sale of Banif – Banco Internacional do Funchal, there is still no solution for its victims”.
In the document, they state that it has been proven that “there was cash violation of the principles of intermediation and transparencyduties of loyalty and information and inadequate business practices and that, from the beginning, the situation of all those who, as a result of these events, suffered significant losses was not addressed.”
In addition, they recall that in 2019 the Commission of Independent Experts came into force to analyze the situation and define a perimeter of non-qualified Banif investors, with a view to “compensating for losses through the Credit Recovery Fund”.
The existence of illicit practices in the sale of financial products and the infraction of various duties was verified, with 2,330 applications being considered eligible, corresponding to 230 million euros, that is, 77% of the credits claimed”, they point out.
Source: Observadora
