Expatica news

Attorney General investigates PT – for years used by directors ‘for their own personal benefit’

Portugal’s Attorney General is to investigate the old Portugal Telecom, up to the point is was sold to Altice, on suspicion that successive management teams and politicians have used the cash-rich company for their personal benefit.

The Portuguese authorities at long last are to investigating decisions made by former Portugal Telecom directors and their illegal activities which led to catastrophic losses. The rot has been evident to Portugal’s business community and media for decades, up until the point when the remaining parts of the once profitable company was sold to Partick Draghi’s telecoms giant, Altice.


© algarvedailynews.com

The above content produced by algarvedailynews.com is not intended for commercial use and may not be republished by third parties either wholly or in part unless permission is sought and granted and the source credited.