João Vale e Azevedo

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João Vale e Azevedo
Born João António de Araújo Vale e Azevedo
(1957-05-17) May 17, 1957 (age 57)
Lisbon, Portugal
Occupation Former lawyer and a former chairman of S.L. Benfica.
Religion Christianity
Criminal charge
Money laundering, Fraud
Criminal penalty
10 years (Expected release in 2021)
Criminal status Incarcerated in the Estabelecimento Prisional de Lisboa
Spouse(s) Filipa Vale e Azevedo

João Vale e Azevedo (born 17 May 1957, in Lisbon) is a Portuguese convicted of money laundering. He is a former lawyer and a former chairman of S.L. Benfica.

Biography[edit]

Early life[edit]

In 1980, Vale e Azevedo was awarded a degree in law by the Law School of the University of Lisbon. Between 1979 and 1982 he was an assistant lecturer (monitor) at the same institution. From 1981 to 1983 he was a law consultant for the Portuguese Prime Minister Francisco Pinto Balsemão. In 1983 he co-founded a law firm - Vale e Azevedo & Associados, and was a managing partner of the firm until 2000. He was a vice-president of International Jurist and a member of the International Bar Association, Association Internationale des Jeunes Advocats, Union des Advocats Europeens and Bank Attorneys. Since 1983 he has been also a shareholder, CEO and/or chairman of several companies operating in different businesses, including finance, food, electricity and real estate.

Chairman of Benfica[edit]

In October 1997, Vale e Azevedo became the 31st chairman of Sport Lisboa e Benfica and the youngest ever. He won the elections held in the club to choose the personalities for that capacity with 51.1% of the votes. During Vale e Azevedo's three year presidency SL Benfica ran up huge debts and at times was unable to pay taxes or players' salaries. Portuguese Prosecutors also investigated 14 counts of embezzlement. These included allegations that Vale e Azevedo kept 1 million dollars from the transfer of Russian goalkeeper Sergei Ovchinnikov from Benfica to Portuguese club Alverca FC. Vale e Azevedo was indeed sent to jail while prosecutors investigated allegations that he embezzled at least $1 million (£680,000) from the club and laundered cash through offshore banks. In 2001, the then 45-year-old lawyer, had been under house arrest in his country home since February. Prosecutors, who feared he would flee the country or tamper with evidence, obtained his imprisonment the previous month.[1]

12 November 2012: Justice request. [2]

Emigration to the United Kingdom[edit]

Since 2006 Vale e Azevedo has lived in London. There he has been the chairman and CEO of a financial company with participations in sugar, cereals and etanol, as well as renewable energies.

Honours in Benfica[edit]

Roller Hockey (2 Titles)[edit]

Basketball (1 Title)[edit]

References[edit]

Preceded by
Manuel Damásio
President of Benfica
1997–2000
Succeeded by
Manuel Vilarinho