Latest news and stories about financial scandal in Portugal for expats and residents.
The former president of the Espírito Santo Group's Investment Bank was a victim of a prolonged illness.
In 2021, Banco Master made an 8 million euro down payment to attempt to purchase the Portuguese bank BNI, but the deal did not proceed. DN executive editor Margarida Vaqueiro-Lopes comments on the case and recalls Portugal's largest financial scandal, the collapse of Banco Espírito Santo. The Radar DN Brasil podcast airs every Friday at 8 am on the DN Brasil YouTube and Spotify channels, providing a weekly summary of everything relevant to Brazilians in Portugal.
António Ramalho was in court this Monday
Investors bought wine without seeing the bottles and now cannot get their money back. The company is under investigation in the United Kingdom; Portugal's PJ has already received complaints, and the Portuguese managers admit a 'collapse'.
