Portuguese Police Target KPMG, Novo Banco in Corruption Probe

BloombergWednesday, October 29, 2025 at 12:31:34 PM
Portuguese Police Target KPMG, Novo Banco in Corruption Probe
Portuguese police have launched a corruption investigation that has led to searches at KPMG's Lisbon offices, focusing on allegations involving Novo Banco. This is significant as it highlights ongoing concerns about corruption in financial institutions, potentially impacting public trust and the broader economy.
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