Altice Co-Founder Detained, Co-CEO Suspended Amid Portugal Probe

July 17, 2023, 3:29 PM UTC

The co-founder and former chief operating officer of telecommunications group Altice, Armando Pereira, has been detained for questioning in Portugal as part of a sweeping investigation into alleged corruption.

Pereira was among those detained in a Portuguese criminal investigation, his lawyer Pedro Marinho Falcao told Bloomberg News in an interview on Monday. Last week, local authorities said three people were detained during a series of raids of homes and offices across the country, related to a three-year investigation into corruption, tax fraud, forgery and money laundering.

Pereira, who co-founded Altice Group with Patrick Drahi and Bruno Moineville in 2002, ...

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