A judge features purchased the principle exec of energias de portugal, the countrys largest detailed company, be immediately suspended from his post in the request of authorities investigating suspected corruption at power energy.
The principle manager of edp renovveis, the groups renewables supply, has also been bought to step down within the probe into alleged bribery concerning an old government minister.
Portugals stock market watchdog, the cmvm, suspended trading in edp and all its subsidiaries on monday, pending a statement from group.
Portuguese news reported the judge, carlos alexandre, had ordered antnio mexia, edps chief since 2006, and joo manso neto, ceo of edp renovveis, to cover a caution of 1m each within 15 days. he in addition prohibited all of them from making portugal.
Three-years ago the countrys public prosecutor known as mr mexia, mr manso neto and three other individuals as suspects when it comes to alleged corruption. this waslinked to convey payment compensated to edp for giving up long-lasting power-purchase agreements (ppas) if the countrys energy sector had been liberalised after 2004.
Manuel pinho, who was economic climate minister from 2005 to 2009, has also been named as a suspect in the case. the general public prosecutor alleged that he had physically gained from approving the first end associated with the ppas and a 25-year expansion of 27 hydroelectric dam concessions without community tender.
Mr mexia, mr manso neto and mr pinho all deny any wrongdoing.
Edp stated belated on monday that allegations of a potential advantage to edp absence compound, and included that no irregularity could be related to the organization.
It stated that investigation had been available since 2012 and regarding the so-called favouring of edp through the obtaining of expected benefits of 1.2bn.
The examination had been covered into the groups marketplace and annual reports, edp said, adding that a number of independent studies had shown its activities becoming reasonable and based on market stipulations.
Edp stated that miguel stilwell de andrade, chief economic officer, have been appointed to behave as interim chief executive along with his current features. the executive board maintained its full abilities therefore the essential circumstances so that the companys regular procedure, it added.