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Former Portugal PM Sócrates to stand trial for money laundering as judge drops corruption charges in surprise move

Premium April 13, 2021

The prosecution accused Sócrates of taking €34m from three companies while he was in power between 2005 and 2011, an accusation he has denied and labelled as politically motivated. In total, the prosecution accused 19 people and nine companies of 189 crimes | Image by José Goulão

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

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By Vish Gain for AMLi

A court in Lisbon has announced that former Portuguese prime minister José Sócrates will stand trial to charges of money laundering and falsifying documents, seven years after he was arrested in a €34 million corruption scandal that rocked the country.

However, the court surprised people in a publicly televised reading of the decision by dropping corruption charges on him, a big blow to the prosecutors.

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Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

INSIGHT: Compliance managers see €15K rise in salary to €85K; CCOs earning €195K – report

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