Angola probes management at local unit of failed Portuguese bank-official

April 27, 2016 4:40 PM

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LUANDA, April 27 Angola has opened an investigation into the conduct of the management at the local unit of failed Portuguese bank Banco Espirito Santo, Attorney General Joao Maria de Sousa said on Wednesday.

Banco Espirito Santo (BES) collapsed in 2014 under the weight of its founding family's debts and exposure to bad loans in Angola.

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