Altice Corruption Probe’s Impact Spreads Through Drahi’s Empire
- Company suspended executives and suppliers in US and France
- Patrick Drahi is due to address the probe with debt investors
Patrick Drahi
Photographer: Stephane de Sakutin/AFP/Getty Images
This article is for subscribers only.
The Portuguese corruption probe targeting powerful figures within Patrick Drahi’s Altice is reverberating throughout the billionaire’s sprawling telecommunications empire.
Fallout from the investigation into alleged corruption, money laundering and tax fraud is spreading from Portugal to the bigger markets in which Altice operates, including France and the US. Executives and suppliers have been suspended, triggering operational changes and bringing some projects to a halt.