Former Altis CEO can get out of house arrest on €10 million bail'.

million euros.

Although an indictment has not yet been filed because the investigation is incomplete, the State Oversight brings 11 charges against Armando Pereira, including six acts of active corruption in the private sector, one act of passive corruption in the private sector and four of money laundering. Meanwhile, Braga businessman Hernani Vaz Antunes, who remains under house arrest, is attributed 21 offenses, including eight qualified tax frauds, six acts of money laundering and seven acts of active corruption in the private sector.

Last summer, the businessman was questioned for three days by Preliminary Investigation Judge Carlos Alexander, where he admitted most of the facts,'He also disclosed the names of several recipients of illegal payments he made to gain markets and contracts.

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Armando Pereira, Akeem Boubazin (former Altice executive in the US), Yossi Benchetrit (Altice's director of procurement in the US and Armando Pereira's son-in-law) and Alexandre Fonseca (former executive president of Altice in Portugal).

Investigators believe that contacts and instructions passed to the former president of Altice from Armando Pereira (who was his boss at Oni) helped to ensure that contracts with companies owned by Hernani Antunes were awarded or interests in those deals, as well as the sale of real estate to companies in the entrepreneur's field of business at unfavorable terms for''Altice. Among the interests of the inspectors of the Tax Service and the State Supervision is, among other things, the sale of four buildings in Lisbon for 15 million euros.