The Labour government is using genuine cases who have been wronged by the law to justify removing the authorities’ powers in freezing all the assets of suspected money launderers. The reality is that the law is not even sufficient to cover the extensive and authoritative expropriation of assets of dangerous and suspected criminals and the authorities don’t even enforce the current laws when needed and according to the required proportionality. A case in point is Yorgen Fenech, who even though he is in prison and supposedly has all his assets frozen, is still able to pay off large sums of money to his lawyers apart from trying to bribe people.
Yorgen Fenech still owns a lot of assets abroad apart from the very confusing matter in our law that prevented the freezing of the assets “he had inherited” meaning that technically he still had access to his company shares when he was first arrested. Yorgen Fenech is a shareholder in Tumas Group apart from being an indirect owner of Electrogas through his shareholding of Tumas Group which owns Tumas Energy that owns the Tumas share in Gem Holdings. A freezing order issued in 2021 seems absolute and covers his companies’ shares, but this freezing order seems to have been issued after the family of the murdered journalist Daphne Caruana Galizia filed a protest in court. This is confusing and unclear to me, but given a freezing order issued in 2021, it is clear that Yorgen Fenech still had at his disposal assets that he could use while under arrest. In addition, the Maltese government failed to use current and existing laws to investigate Electrogas and recoup the illegal proceeds of the company from corrupt deals.
Someone is helping Yorgen Fenech in his financing and since he is in prison, this can only be done with the help and support of his family and his trusted personnel. Yorgen Fenech has at least two free individuals on the outside who are helping him bribe and pay off people. I can not give extensive details about this fact, at this stage, but Yorgen Fenech, apart from having trusted family members who help him and supply him with his financing needs, and a lawyer who is ready to do his dirty bidding, Yorgen Fenech also has individuals in the streets doing the dirty work for him: he is well-supplied and financed and has a network that can bribe and threaten people.
Despite being in prison, Yorgen Fenech still has access to a very significant amount of resources. He has enough resources at his disposal to be able to distort justice and make lucrative deals with significant people. The fact that he is going in front of a jury accused of murder when he has yet and still this unchecked access to resources is a scandal in itself. Yet, the government is going to pass a law that will make it even easier for people like Yorgen Fenech to have access to resources all the while they are supposedly facing justice on very serious crimes.
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