Region: Portugal

US, Swiss and Portuguese investigating Banco Espírito Santo

New York prosecutors, Switzerland’s Office of the Attorney General, and Portuguese prosecutors are all investigating money-laundering allegations against Banco Espírito Santo, according to reports.

02 December 2014

General Cable investigating bribery concerns in four countries

Copper, aluminium and fibre-optic cable manufacturer General Cable said on 22 September that it is investigating possible bribes paid in Angola, Thailand and India. The company made the announcement in an 8-K filing with the US Securities and Exchange Commission, which is used to notify shareholders of unscheduled significant events.

24 September 2014

US investigates Banco Espírito Santo

The US Securities and Exchange Commission, Federal Deposit Insurance Corporation, Financial Industry Regulatory Authority and Florida’s financial regulator are investigating dealings between the Florida branch of Banco Espírito Santo and its Panama subsidiary, the bank has confirmed.

17 September 2014

Switzerland investigates Banco Espirito Santo

Switzerland's Financial Market Supervisory Authority (FINMA) is investigating Portuguese bank Banco Espirito Santo's Swiss subsidiary, the enforcer announced on 3 September. FINMA is investigating the role of the Swiss subsidiary in distributing securities, and whether it breached any banking laws while doing so.

04 September 2014

Former Banco Espírito Santo head arrested in AML probe

A Portuguese judge has named Ricardo Salgado, former chief executive of Portuguese bank Banco Espírito Santo, as a suspect in a money laundering and tax evasion investigation. According to Reuters, the bank is being investigated following accusations of accounting irregularities.

25 July 2014

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