Drahi Says Altice Execs Under Investigation Deceived Him (1)

French-Israeli billionaire Patrick Drahi said he felt “betrayed and deceived by a small group of individuals, including one of our oldest colleagues,” being investigated as part of a corruption probe involving his telecommunications empire, Altice.

If the allegations are true, the individuals had “carefully hidden their actions from me, their colleagues and the total group,” Drahi said during a quarterly results call for debt investors of Altice International on Monday, the first time he has publicly addressed the corruption probe since Portuguese prosecutors announced a criminal investigation last month.

“I do believe that our governance was good and that we ...