Banco Espirito Santo CEO, Who Quit Last Month, Detained In Money Laundering Probe

Thursday, July 24, 2014
By Paul Martin

by Tyler Durden

Curious why Portugal’s second largest bank is in dire straits on the verge of default and as we reported yesterday, is threatening to impact – adversely – Portugal economy should the bankruptcy chain that has already claimed two of its HoldCos continue further? Then perhaps ask the following man: Richard Salgado, who until last month was CEO of Banco Espirito Santo and as of moments ago has been detained in a money laundering investigation.

The Rest…HERE

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