Banco Espirito Santo Patriarch & Former CEO Arrested in Portugal – ValueWalk Premium
LG G6 Test face detection lg pay

Banco Espirito Santo Patriarch & Former CEO Arrested in Portugal

The problems at Banco Espirito Santo SA (ELI:BES) may be deeper than originally thought with the detention of Ricardo Espirto Santo Salgado, the bank’s patriarch and former CEO, by authorities in Portugal Thursday.


Banco Espirito Santo was being held for money-laundering and tax evasion probe
Salgado was being held for questioning as part of a three-year money-laundering and tax evasion probe conducted in conjunction with a wider investigation of the relationship between Swiss wealth managers and Portuguese customers, the

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

Here’s a Tip: Read What Professional Investors Read

ValueWalk Premium is for investors looking to improve their investment process AND keep up-to-date on the latest industry trends.

It’s THE resource for value investing and hedge funds. 📈

And with a free three-day trial and $29.99 per month thereafter, it’s a value in its own right.

Sign up now. 👇

CLICK HERE TO TRY IT OUT

 

0