Ricardo Salgado

Ricardo Salgado, a Portuguese economist and Banker, who was forced to quit as head of stricken Portuguese bank Banco Espirito Santo (BES) in May, was arrested today in connection with money laundering, the chief prosecutor's office told AFP.

Ricardo Salgado, a Portuguese economist and Banker, who was forced to quit as head of stricken Portuguese bank Banco Espirito Santo (BES) in May, was arrested today in connection with money laundering, the chief prosecutor's office told AFP.