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Accountants under investigation for allegedly falsifying declarations to secure companies with Covid credit

The Order of Chartered Accountants has opened an inquiry into 11 accountants suspected of falsifying declarations about company billing so that their clients could apply for government lines of credit.

Paula Franco, the Order’s president, has told Rádio Renascença that accountants are being pressured by their clients “allegedly on the advice of their banks” to pass false statements attesting to a fall in revenue (which qualify them for credit lines rolled out by the State).

If this really is the case, the accountants involved will face sanctions, she told RR.

“We are talking about something very serious. All these lines are financed by public money. It is all of us who will have to pay if these taxpayers don’t comply with their obligations”.

Ms Franco said that the Order has also referred the complaints it is investigating to the Public Ministry.