Constitutional Court orders Banreservas to render accounts as public company


Staff member
Feb 20, 2019

The Constitutional Court has ordered the government-owned Banreservas to render accounts as a public company. Recent cases filed by the Public Prosecutors Office have brought to the open major corruption cases involving officials of the state-owned commercial bank.

The Constitutional Court (TC) ruled that Banreservas, in its condition as an autonomous entity of public state, is obliged to submit to the dictates of the laws on transparency and the constitutional principles that govern public administration.

In the same sentence, it orders the bank to open the corresponding offices of access to public information, to comply with the public bidding processes for purchases and contracts, in compliance with the TC sentence, with the category of binding precedent for all public powers, in accordance with article 184 of the constitution.

Ruling TC/0185/22, dated 21 July 2022...

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