Legal
Altice Co-Founder Detained, Co-CEO Suspended Amid Portugal Probe
- Armando Pereira detained for questioning since Thursday
- Group’s co-CEO suspends role to ‘protect’ company during probe
Armando Pereira
Photographer: Eric Piermont/AFP/Getty ImagesThis article is for subscribers only.
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.