For many managersAltis They were arrested in Portugal in a corruption case, the giant’s CEO, Patrick Drahi, announced. Shocked and disappointed “.
However, the Bloomberg article contradicts that narrative, noting that employees, unions and outside consultants have expressed concerns for years about the company’s relationships with some of its largest suppliers, citing dozens of people.
According to the outlet, Altice executives at the highest levels were briefed on lax management, the possibility of bid rigging for contracts and alleged favoritism linked to Armando Pereira, according to the documents and the people, many of whom asked to remain anonymous to discuss confidentiality. Information.
Pereira, who co-founded Altice with Drahi in 2002, is at the center of the investigation into the case. Altis Portugal Which lasted for three years and was announced last July. Its fallout sparked internal investigations throughout the company, affecting executives around the world. So far, four people have been arrested and about 15 employees have been suspended by the company over the investigation that includes allegations of manipulation in the group’s local procurement process.
