Armando Pereira
Armando Pereira is just one of the principal defendants in the case dubbed 'Operaçãp Picoas'

€10 million bail for former Altice head honcho

After various reports in the media that former Altice head honcho Armando Pereira could have been breaking the terms of his house arrest (without electronic tags or a police presence at the gates of his mansion property) a court has now released him from the measure, slapping him instead with the largest bail surety in Portuguese legal history: €10 million. According to reliable sources, the terms of bail include not travelling abroad without authorisation and not contacting any fellow defendants in the case which holds defendants responsible for corruption on a massive scale in an alleged scheme that will have defrauded the State alone of more than €100 million.