Portugal Probes 20 People in Second Novo Banco Raid This Year

Portuguese police are investigating more than 20 people over a Novo Banco SA real estate deal, according to people familiar with the matter, the second such probe involving the lender this year.

Authorities are examining information seized from computers during raids on Wednesday to determine whether there was any wrongdoing in the sale of the assets, the people said, declining to be identified discussing an active case. Those under scrutiny are linked to the deal involving Novo Banco, as well as law firms, real estate companies, and other businesses, the people said, adding that there are currently no formal suspects. ...