Earlier today, I have sent a series of questions to Bank of Valletta’s communications department about their relationship with Michelle Muscat’s Marigold Foundation. Michelle Muscat is currently incensed at BOV for refusing to give money to the Marigold Foundation as they used to.
However, her husband, Joseph Muscat, is currently being charged with money-laundering, bribery, corruption and fraud in court and also has his assets frozen. It would be logical in the risk-assessment environment to dissociate from him if you are a bank, but that means also disassociating from the financial activities of his wife.
So, I asked Ban of Valletta whether they are still providing services to the Marigold Foundation and whether the Marigold Foundation still has bank accounts active at BOV.
Surprisingly, BOV didn’t reply. They have always replied to my messages and calls promptly. When they (supposedly) were unable to respond, they cited client confidentiality or other book-like reasons This time round, there is complete silence from BOV about my questions on their relationship with the Marigold Foundation.
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