Decades-long Armscor case nears end in Lisbon court
Portuguese arms agent says he facilitated the deal when SA was still under an arms embargo
22 October 2023 - 17:49
A multimillion-euro claim against Armscor, which had its origins in the 1980s, will after decades of litigation reach its conclusion in Lisbon’s civil court in November.
A Portuguese arms agent, Jorge Pinhol’s company Beverly Securities Companies, instituted the claim for €192m (R3.8bn) against Armscor in 2008 for his alleged role to accommodate a helicopter deal at a time when SA was still under an arms embargo...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.