The court case against Jardim Gonçalves, former head of the Millenium Bank has prescribed, amidst mutual accusations between the Bank of Portugal and the Justice system.
The Bank of Portugal blames the judge for allowing the process to prescribe. The case was subject to 35 hearings, at the end of which, after hearing the testimony of the whistleblower, the judge decided that the denunciations were nul. The Court of Appeal and the Constitutional Court determined otherwise, but the delay caused, of over two and half years, led to the case prescribing.
The Superior Magistrates Council riposted that the Bank of Portugal had taken five years to formulate their accusation, a factor which contributed greatly to the crimes prescribing. Portuguese justice at its best!
Moral of the story: the only thing that works in Portuguese Justice are the famous 'prazos': time limits.