Vila Real de Santo António Council has been playing fast and loose with money from the ‘Programme for Support to the Local Economy’ and is accused of “ruinous management” by simpoly hiding €5.7 million of associated debts.

According to the CDU coalition party, which has a councillor on the VRSA Council executive and is well place to know the position, the government loan that the Council took on in 2014 in order to ease the interest burden from short-term debts, “was not amortized according to the commitments, revenue objectives and other contractual clauses.”

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