Portugal’s national water company awash with corruption

The Court of Auditors has looked into Águas de Portugal’s accounts for the period between 2012 and the first half of 2014 and concluded that “85% of the directly awarded contracts examined have irregularities and insufficiencies.”

The audit report has only just been published despite the closing period being nearly three years ago. The Court of Auditors indicated that “following a request from the Parliament,” 81 direct procurement procedures issued by 23 companies in the Águas de Portugal group were examined, corresponding to €9.7 million.”

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