Episode 2

The largest Portuguese financial group is heading toward the edge of a cliff. But no one knows it yet. A businessman in conflict with Ricardo Salgado takes a dossier with the secret numbers of the Espírito Santo Group to the Bank of Portugal. The debts are colossal—and short-term. In Angola, another massive financial hole emerges. There are also dangerous connections between BES and the shadow banking network. Within the family’s High Council, José Maria Ricciardi tries to dethrone his cousin. How long can Ricardo Salgado hold on?