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Daniel Frankel

Altice Chief Patrick Drahi Says He’s Shocked — Shocked! — by Portuguese Procurement Scandal

Patrick Drahi Altice Altice USA

Altice chief Patrick Drahi

Billionaire Franco-Israeli cable mogul Patrick Drahi made his first public comments Monday since a scandal broke surrounding his Altice International procurement operations in Portugal.

The Altice International chief said he felt “shocked” and “betrayed” by news of the corruption probe, which has seen his top lieutenant, Altice co-founder Armando Pereira, placed under house arrest by Portuguese officials. (Pereira has denied any wrongdoing.)

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