Ex-head of Portugese bank BES put under house arrest

The former head of Portugal's Banco Espirito Santo, Ricardo Salgado, pictured (R, seated), was placed under house arrest after being questioned by a magistrate over his role in the bank's collapseThe former head of Portugal’s Banco Espirito Santo, Ricardo Salgado, was placed under house arrest after being questioned by a magistrate over his role in the bank’s collapse, his lawyer said. Francisco Proenca de Carvalho called the measure “disproportionate” in remarks to the press after the 12-hour questioning. The prosecutor referred in particular to suspicion of forgery, breach of trust, tax evasion or money laundering, in a statement released Friday.

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