Banking and accounting, no. Fraud and money laundering, hell yes.
New York prosecutors and a federal grand jury are looking into whether Banco Espírito Santo’s Miami-based banking unit was used to launder money by a Venezuelan businessman who was one of the bank’s biggest clients, according to people familiar with that probe….
The Portuguese prosecutor general’s office has opened several investigations into entities of Espírito Santo, the bank’s parent company….
In Switzerland, the attorney general’s office searched Espírito Santo offices in September in a money-laundering investigation, according to a person familiar with the matter….
In Libya, Banco Espírito Santo’s Aman Bank has attracted scrutiny from investigators looking into whether the bank helped funnel money out of the country for former leader Col. Moammar Gadhafi’s inner circle, according to people familiar with the matter.