Diamond Worth 50 Thousand Euros Found At Pedro Calado's Home

Diamond Worth 50 Thousand Euros Found At Pedro Calado's Home

As the corruption scandal in Madeira continues to unravel, more details about the home searches are emerging.

Calado And Albuquerque Allegedly Caught With Valuable Diamonds

During Operation Zarco, a diamond was discovered in Pedro Calado's office during a search conducted by the Judiciary Police. As it has now been reported, the stone, evaluated by Imprensa Nacional Casa da Moeda, is estimated to be worth 50 thousand euros. Interestingly, the diamond was allegedly provided by a company specializing in synthetic diamonds based in the Madeira Free Trade Zone. Notably, Miguel Albuquerque, still acting president of Madeira, is said to have also received a similar stone.

Meanwhile, the results of an official evaluation have arrived - and it is indeed a real diamond, valued at 50 thousand euros and offered by a company in Madeira. Miguel Albuquerque will have received another one just like it.

CNN Portugal

Calado’s Lawyer Initially Claimed, The Diamond Is Of No Considerable Value

Initially, Pedro Calado, the former president of the Chamber of Funchal, asserted that the diamond was synthetic and held "negligible value." However, the subsequent evaluation contradicted this claim, revealing a substantial monetary worth. The assessment was conducted swiftly and promptly presented to the investigating judge for the application of coercive measures in court, as reported by CNN Portugal. This unexpected revelation raises questions about the origins and implications surrounding the distribution of such valuable gems among public officials in Madeira.

What More Will Be Brought To Light?

The diamond marks another present under suspicion, potentially involving criminal activities. In addition to the substantial amount of money discovered in the possession of the mayor of Funchal and family members, who are suspected of acting as fronts for the mayor, there are also transfers and bank deposits that the Public Ministry believes are linked to corrupt practices.

Sources: Diário de Notícias Madeira, CNN Portugal

Comments