The Court of Auditors’ report, released today and dated July 3rd, identifies a breach of the State Treasury Unity principle in 2020, alongside the misuse of pledged current accounts violating Article 29 of the Public Enterprise Sector Legal Regime (RJSPE) by the company.
At the time, the Chairman of the Board of Directors was Marco Capitão Ferreira, a former Secretary of State who resigned in July 2023 following an investigation under Operation ‘Perfect Storm,’ in which he became a defendant.
The report includes his response to the court’s notification, exercising the right of reply.
The court highlights that although these infractions “do not affect the financial statements, they create non-compliance with the existing legislation.”
“Nevertheless, the accounts are eligible for approval with recommendations aimed at addressing the identified issues,” the text states.
In this context, the Board of Directors of ETI is advised to adhere to the obligations established in the Public Enterprise Sector Legal Regime (RJSPE), “specifically as set forth in Article 29 regarding the indebtedness of non-financial public enterprises in the State Enterprise Sector and the cancellation of all contracts that precede and violate this legal regime.”
The judges decided to “waive the punitive financial liability for breaching the State Treasury Unity principle by the members of the 2020 ETI Board of Directors” and to forward this report to those heard in the contradiction process and the current Board of Directors of the company.
The court further mandated that within 180 days, the Board of Directors must inform the Court of Auditors “of the measures adopted, accompanied by supporting documents, to confirm compliance with the recommendation made in this report.”
ETI (EMPORDEF – Tecnologias de Informação, S.A.) is a company that develops systems for “training and simulation” and maintenance support solutions in the aeronautical, security, and defense sectors.
It is wholly owned by IdD Portugal Defence, the state holding company managing public sector investments in the industry.
