A 52-year-old man has been arrested by the Polícia Judiciária (PJ) as the prime suspect in several cases of qualified fraud, with estimated losses amounting to approximately 800,000 euros.
In a statement issued on Thursday, the PJ stated that since 2012, the suspect, leveraging his role as an insurance broker, persuaded clients to ‘invest’ in financial applications linked to the institutions he was associated with.
However, these investments never materialized, and the suspect allegedly embezzled the funds, later redistributing them through family members’ bank accounts.
“The investigation originated from a complaint involving a loss of 300,000 euros, and approximately twenty victims have been identified so far,” the statement revealed.
The detainee will face an initial judicial interrogation to determine appropriate preventive measures.
The PJ further states that the investigation continues to fully ascertain the facts and identify all the victims, under the supervision of the Public Prosecutor’s Office in Guarda.
