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

Thursday, July 24, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/24/2014

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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