Portuguese PM António Costa resigns over lithium deal probe

Portuguese PM António Costa resigns over lithium deal probe
Portuguese PM António Costa resigns over lithium deal probe

We show you our most important and recent visitors news details Portuguese PM António Costa resigns over lithium deal probe in the following article

Hind Al Soulia - Riyadh - LISBON — Portuguese Prime Minister António Costa resigned after investigators searched his official residence in an inquiry into alleged corruption.

He said he had not been named as a suspect but believed the inquiry was incompatible with staying in office.

Prosecutors said on Tuesday they were investigating concessions awarded for lithium mines and hydrogen production.

They said detention warrants were issued for five people including Costa’s chief of staff, Vítor Escária. Público newspaper reported that Escária had been detained.

Infrastructure Minister João Galamba has meanwhile been indicted as part of the inquiry into energy deals.

“The dignity of the functions of prime minister is not compatible with any suspicion about his integrity, his good conduct and even less with the suspicion of the practice of any criminal act,” the prime minister said in a televised address on Tuesday.

Costa said he was caught by surprise by the corruption investigation but promised to collaborate with it.

“There is no illicit act that weighs on my conscience, or even any censurable act,” he added.

President Marcelo Rebelo de Sousa said he had accepted the prime minister’s resignation and summoned political parties for consultations on Wednesday.

The political crisis unfolded after prosecutors published a statement detailing searches in more than 40 different premises as part of the inquiry.

Prosecutors are investigating alleged corruption and influence peddling in lithium mining concessions in northern Portugal, as well as a hydrogen production project and the planned construction of a data center in the deep-water port of Sines, south of Lisbon.

About 140 detectives searched 17 residential properties and 25 other premises, including the office of the prime minister’s chief of staff and two government ministries.

They also searched municipal offices in Sines. Portugal’s main PSI 20 share index was down almost 3% as the political crisis unfolded.

The European Union is keen to reduce its dependence on mines in China, Africa and South America for lithium and other raw materials needed for the green energy transition.

Portugal’s lithium reserves are considered central to Europe’s increasing demand for electric cars, but exploration projects have faced opposition by some locals. — BBC

These were the details of the news Portuguese PM António Costa resigns over lithium deal probe for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT US military raises alert level for Europe bases: reports

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]