Gluttony, greed, sloth… Patrick Drahi’s deadly sins

Gluttony, greed, sloth… Patrick Drahi’s deadly sins

For Patrick Drahi, a man of many nationalities (French, Moroccan, Israeli, Portuguese, etc.), the problems started in Portugal in July. The Lusitanian justice system has just indicted his historical partner, Armando Pereira, and placed him under house arrest. She suspects him of multiple financial crimes. The man built his legend: he arrived in France with two pairs of trousers and the equivalent of 600 euros, after fleeing poverty in Portugal. In France, he met Patrick Drahi. The two men would create the Altis Empire together.

For the French Polytechnic, the operational and technical aspects, for the second, very resourceful, and the financing. Today, these two are tearing each other apart. During several conferences with his creditors, Patrick Drahi said to himself “betrayal” He claims that he knew nothing about his old friend’s actions. It’s hard to believe: Armando Pereira was involved in all the financial arrangements, all the investments, all the craziest projects, which also emerged from DrahiLeaks, the 450,000 internal Altice documents that were hacked by a group of Russian hackers and posted online.

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In the end, the financial “results” achieved by the two friends are always calculated in the billions. But the embezzlement accused by Armando Pereira represents, according to the Portuguese judiciary, 200 million euros. So, the question: why betray and endanger an entire empire for “so little”? An error in evaluation or a major sin in every sense of the word? Gluttony, greed and a few other mistakes led these two men, although business professionals and gifted preppers, to make strategic mistakes and lead Altice, this global communications and journalism group, into a wall of debt.

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Greed

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About the Author: Irene Alves

"Bacon ninja. Guru do álcool. Explorador orgulhoso. Ávido entusiasta da cultura pop."

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