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Police raid Portugal’s Novo Banco in corruption investigation

Portuguese police searched the premises of Novo Banco, the country’s fourth-largest bank, as well as the local unit of auditing firm KPMG on Wednesday as part of an investigation into suspected corruption linked to the sale of the lender’s assets, prosecutors said.

LISBON, Oct 29 (Reuters) – Portuguese police searched the premises of Novo Banco, the country’s fourth-largest bank, as well as the local unit of auditing firm KPMG on Wednesday as part of an investigation into suspected corruption linked to the sale… [1681 chars]

Source: Reuters | Published: 2025-10-29T15:56:39Z

Credit: Reuters

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