Manuel Serran, the businessman who was the subject of searches by judicial police on Tuesday, is suspected of living for several years at the Sheraton Hotel in Porto at the expense of European funds, according to Newspaper. According to the newspaper, in addition to journalist Julio Magalhães, Serran’s son-in-law António Silva and manager António Sousa Cardoso were also targeted in the searches. Manuel Serran lived in this hotel for eight years.
At stake are suspicions of crimes related to abuse of power, abuse of subsidies, tax fraud and money laundering. Almost 39 million euros were allegedly diverted from companies controlled by Manuel Serran. At stake are 14 financial transactions approved since 2015.
Author: morning Post
Source: CM Jornal
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