Pharol, formerly Portuguese Telecom, today lodged a lawsuit against its own former auditors Deloitte which was involved in the disastrous PT investments in Rioforte, a property company within the Espírito Santo Group.
Pharol does not stop there though, as it also is suing former PT directors Henrique Granadeiro and Luís Pacheco de Melo for agreeing to lend Rioforte €897 million of PT’s cash, money that was never returned as Rioforte went under in the Grupo Espírito Santo meltdown.