Expatica news

Black hole in Estoril’s ‘Moto GP 2012’ accounts

euromillions2A long-running investigation into the Moto GP 2012 event at the Estoril Autodromo has revealed a black hole in the accounts where €2.6 million should be.

Sintra’s Department of Criminal Investigation has discovered that just over €2.6 million in subsidies simply has vanished from the 2010 and 2011 accounts.

The investigation launched by the Public Prosecutor in 2016 is looking into the murky business surrounding the 2012 Moto GP which took place at the Autodromo do Estoril.

Público newspaper said in its Sunday edition that the investigation has revealed the missing money, taking the total bill for taxpayers up to around the €6 million mark.

The Portuguese State, aka ‘taxpayers’, owns 100% of Circuito do Estoril, through Parpública.

“The investigators now want to know why the €2.6 million were initially counted, who counted them and if there was intention to falsify the accounts to facilitate hosting the Moto GP 2012,” the paper writes.