Altice France Scandal: Justice Reveals Corruption and Suspensions

2023-08-03 18:04:18

Justice

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A leader of Altice France has been suspended from her duties. She would have, according to the Portuguese justice, benefited from gifts and benefits provided by one of the founders of the group, himself prosecuted for embezzlement and tax evasion.

Notice of heavy weather on the empire of Patrick Drahi. Its telecom group Altice (ex-owner of Liberation) is blamed for a series of financial misappropriations which have already led to the suspension of several senior executives. For several months, Portuguese justice has been interested in the operation of the local subsidiary of Altice and in particular in a historic leader of the group, Armando Pereira, who has been wiretapped for several months. This 71-year-old man described by his entourage as “a barefoot billionaire”, because of his social ascent since his arrival in France, is one of the co-founders of the Altice group which owns the telephone operator SFR in France or even BFMTV and RMC media.

He met his future partner more than twenty years ago in the east of France. He was then at the head of a civil engineering company and had Patrick Drahi as a client, then in full development of his first cable networks. Since then, the two men, in complete confidence, have continued to grow Altice together. But suspected of having set up, for his own benefit, a system of overcharging with SFR suppliers, Armando Pereira was indicted on July 13 and placed in pre-trial detention following a search

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