Yet another of your classic comments, mr_boogie… sort of along the lines of “it’s not against the law (unless it’s illegal)”.
You can say imoral, but not illegal (unless anyone can prove that there where some dubious information arriving to them, and they profitted from it).
Isn’t that a rather obvious statement?
I don’t know how it’s done in Portugal, but in the rest of the world people are first arrested on suspicion of the crime so that they can be investigated. A final judgement is then determined in a court of law. We will know then whether the action was illegal or not, by whether the use of insider information was proven.
In this case, there’s the semblance of insider trading, in the form of private stock transactions between a public company and a few select individuals who conceivably had access to policy information the general public did not.
What part of this is confusing or controversial for you?
As far as this whole “doing whatever you want by putting money in private equity”… I think you need to study the laws of your own country a little more. Every OECD country has laws that guide conflict of interest issues for elected officials. I don’t know what sort of disclosure laws there are, but in the United States, the President/VP both must put all of their assets in a (real) blind trust, and also publicize their tax returns for public scrutiny.
It’s possible Portugal’s still too backward to have gotten that far in its legal system.
anticorruption.bg/eng/resour … terest.pdf