Disgraced banker, Ricardo Salgado, is formally to be charged with paying €500,000 to the then Minister of the Economy, Manuel Pinho.
The payment was in return for giving EDP cushy tax benefits of €1.2 billion, granted to the electricity company by the government when Pinho was a Minister.
Telecommunications giant Altice - in hot water already over the way it has ‘restructured’ Portugal Telecom - is now facing a massive fine for jumping the gun over its 2015 purchase deal.
Reuters news agency broke the news on Wednesday, suggesting the company that frequently leaves Portuguese customers infuriated over the time it takes to respond to callouts could have to fork out as much as 2.3 billion euros.
Frequently “blamed” for failing to identify the rot eating away at Banco Espírito Santo before it was too late, the Bank of Portugal is now attempting to pass the buck and blame auditors KPMG.
If the so-called ‘administrative procedure’ is successful, KPMG could be fined up to €2.5 million, say reports.
A new date has been set on the bumpy road towards Portugal’s ‘trial of the century’, focusing on the alleged corruption of former prime minister José Sócrates.
Almost four years since the 60-year-old was arrested and later held in preventive custody - first in jail and then ‘under house arrest’ in Lisbon - superjudge Carlos Alexandre has finally scheduled September 3 for the so-called opening of judicial instruction, the final date by which Sócrates and the other 28 defendants can request an optional procedural phase, directed by a magistrate.
A shuttle from Lisbon’s Oceanarium has travelled to the Algarve to take part in the ‘Semana da Ria Formosa’ event and raise awareness about the estuary’s highly endangered seahorse population.
The shuttle arrived on Tuesday (April 17) and will remain at Olhão’s Jardim Pescador Olhanense until Saturday (April 21), giving schoolchildren as well as the general public a chance to learn more about how to become more “sea-friendly”.
- Red fruits and red wine can protect against mental illness
- Abstract sculptures raise eyebrows in Porto
- Serial polluter contests closure decision
- Galp - oil giant unable to run a simple billing system
- Drunk British mother assaults her child in Albufeira hotel
- Insolvent Faro Football Club has 60 days to submit a payment plan
- Portugal wins the 2018 European Fossil Fuel Subsidies Awards.
- Jihadis' wives and children arriving in Portugal