Portuguese police conducted searches on Wednesday at the Lisbon offices of KPMG as part of an ongoing investigation into alleged corruption involving Novo Banco. The searches are part of a broader effort by authorities to scrutinize irregularities linked to the bank and its associated entities.
Details of the investigation remain limited, but officials confirmed that the operation is focused on gathering evidence related to potential misconduct or illegal practices connected to Novo Banco. KPMG, a prominent global accounting firm, is reportedly involved in the inquiry, although no formal charges have been announced.
The investigation highlights ongoing concerns about financial integrity and governance within Portugal’s banking sector. Authorities have not disclosed specific allegations or the scope of the case, but the searches underscore their commitment to addressing corruption allegations.
KPMG has stated it is cooperating fully with the authorities and is committed to transparency throughout the process. Further updates are anticipated as the investigation continues and more information becomes available.