Illegal banking

A 73-year-old widow from Matosinhos is in court this week charged with running an illegal ‘bank’ for the last 20 years. Maria Augusta Monteiro is accused of abuse of confidence, fiscal fraud and money-laundering. One of her clients told Correio da Manhã: “I had to resort to using this lady. The banks wouldn’t lend me any money.” Maria Monteiro’s victims were all charged 20% interest, writes the paper. The case continues.