the Alvor River (located in the Monchique Range), having the price of the Quinta da Rocha estate passed from 500 thousand to 14 million euros. CGD Affair In 2009, he was not required to regularize the interest of the 2007 loan, by the new management of Caixa Geral de Depósitos (CGD), since if this were not done, the guarantees would have to be activated with the result that the state bank, given the financial vehicle used, would hold a very significant stake (10%) of BCP. On 1 February 2012, it was declared by CGD, Banco Espírito Santo and Banco Comercial Português that they had given up the money they owed. In 2019, it became public that Berardo owes 980 million euros to Banco Comercial Português, Novo Banco and CGD. This prompted the Assembly of the Republic to hold an inquiry of Berardo, within the inquiry committee on the CGD bank's management, after which the Portuguese parliament decided to forward Berardo's declarations to the Public Ministry, in order to start the investigation on potential crimes committed. In June CGD requested in court, obtained favourable decision, the arrestment of Berardo's assets and bank accounts owned by his company. The court resorted to the uncommon procedure of disregarding of the collective legal personality of Berardo's company. In July Berardo's 10 million euro real estate, owned through Berardo Foundation, Monte Palace Gardens, located in Funchal, was also put under interlocutory injunction. Under this injunction it is impossible for Berardo, or his foundation, to sell the property until its market value is determined and how his debt is to be paid. Arrest In June 2021, Berardo became a named suspect (arguido status in the Portuguese legal system) and was arrested by members of the Polícia Judiciária for alleged fraud committed against the bank Caixa Geral de Depósitos (CGD) and a number of other financial crimes. Honours and awards National honours Commander of the Order of Prince Henry, Portugal (13 March 1985) Grand-Cross of the Order of Prince Henry, Portugal (4 October 2004) Disciplinary procedure Under the CGD affair, the Portuguese Orders National Council was convened on 17 May 2019, presided by Manuela Ferreira Leite, to initiate a disciplinary procedure on whether the President of the Republic should or not strip Berardo from the ranks of the Order of Prince Henry. The Council's President appointed the former President of the Assembly of the Republic, Mota Amaral,