The Public Prosecutor’s Office clarified today that it has foiled the Herdade da Comporta deal, the estate’s controlling compaines were due to be sold to Pedro Almeida’s company, Ardmar Imobiliária, due to blatant insider dealing, or more politely put, it considered that the conditions of “transparency and objectivity” were not assured.

“The Public Prosecutor’s Office analysed the way the sale process was conducted, and detected, during its various phases, procedures involving several participants that indicated that the conditions of exemption, transparency and objectivity were disregarded,” reads the public prosecutor’s statement.

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