Yorgen Fenech had his assets unfrozen and handed over back to him by the Court thanks to the Labour Party’s new anti-money-laundering law which makes it even more difficult for prosecutors to issue an asset freeze over criminal suspects. Earlier this year, Yorgen Fenech asked to reduce the extent of his asset freeze given that the Labour government’s new law requires prosecutors to list all the funds and assets which were laundered that need to be frozen. In turn, the Court can only issue an asset-freeze specifically on the funds that were listed as laundered.
This procedure goes against textbook anti-money laundering law which more commonly requires the punitive and total asset freeze of a financial or major criminal.
Senior Prosecutor Anthony Vella, who was prosecuting Yorgen Fenech, failed to present a list of laundered funds by Yorgen Fenech leading the Court to release his funds over to the criminal suspect.
Anthony Vella is also the same prosecutor who botched Charles Mercieca’ bribery case due to a mistake in the charge-sheet. Charles Mercieca is Yorgen Fenech’s lawyer. This was a scandal, and by now, Anthony Vella’s incompetence is as consistent as it is suspicious, and possibly even criminal.
Yorgen Fenech now has access to his funds and will surely be trying to augment his defense and buy more propogandists.
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