Latest news and stories about business ethics in Portugal for expats and residents.
Accounting document should have contained details of the transaction made between the two companies, which had the same owner.
They issued invoices for non-existent or overvalued services to obtain financial incentives. Travel, luxury goods, and renovations on private homes were presented as business expenses.
Authorities carried out searches at the home of Altice founder Armando Pereira in Vieira do Minho. A house and several companies belonging to Braga businessman Hernâni Vaz Antunes were also reportedly visited.
Through the international judicial cooperation mechanism, French authorities have requested assistance from Portugal to conduct new searches as part of Operation Picoas, reports SIC Notícias. The searches are taking place in Vieira do Minho, at the homes of Armando Pereira in Guilhofrei and Hernâni Vaz Antunes in Gualtar, as well as at several of the businessman's companies.
The article features Paulo Portela reflecting on Portugal's economic history, acknowledging that Portuguese entrepreneurs have historically exploited workers, leading to ongoing repercussions. He emphasizes that years of such practices have resulted in societal and economic challenges, and highlights the importance of corporate responsibility and ethical business practices moving forward to address these issues.
