Anti-Financial Crime & Financial Crime Compliance
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EU, EU/Europe, Financial Crime

Altice co-founder placed under house arrest in Portugal

By Sergio Goncalves

A Portuguese court has ordered Altice’s co-founder Armando Pereira be placed under house arrest while an investigation into alleged corruption at the group’s local subsidiary is conducted, his lawyer Manuel Magalhaes e Silva said.

Pereira, who was detained 11 days ago as part of an investigation into alleged corruption, tax fraud and money laundering at Altice Portugal, has denied any wrongdoing.

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