Socrates indicted on corruption charges

Socrates indicted on corruption charges


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Portugal’s former Socialist Prime Minister Jose Socrates was indicted on corruption charges on Wednesday, facing allegations of tax evasion, money laundering, corruption, and forgery.

The allegations are mainly linked to the events leading to the collapse of the Portuguese corporate behemoths Portugal Telecom and the Espirito Santo bank. He is also accused of receiving payments from the construction company LENA.

Charges are linked to events unfurling from 2005 to 2015. Socrates resigned during his second term as a Prime Minister in 2011, when it became apparent he would be unable to avert the debt-crisis. Soon afterwards, Portugal sought an international bailout.

The former prime minister has been under house arrest since 2014 and is currently awaiting trial. He denies the charges he is facing believes his indictment to be politically motivated.

Along with the Prime Minister, prosecutors have indicted 19 individuals and firms in various sectors, including tourism and hospitality, construction, and finance.

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