Delsk Group, the Chinese company that sold Maltese residency permits to Chinese nationals, is collapsing as its banks accounts across Europe have been frozen. Closure of Delsk’s bank accounts began taking place as early as August 2024 and in different European countries right after a series of articles by The Maltese Herald that unraveled the scheme including payments made by Delsk to Joseph Muscat and high-profile individuals such as Christian Borg (currently in the headlines for abandoning up to four lions in a farm in Naxxar).
The owner of Delsk, Wang Jing has also been charged in Cyprus over fraud. Delsk Group operated in Cyprus, Montenegro and Malta and sold European Visas and residency schemes to Chinese nationals. In Malta, Delsk operated with their subsidiaries, JWP Malta Ltd and Destination Europe, and was involved in a wide Visa racket that registered ghost residencies in Malta and Gozo for Chinese nationals who actually lived in other countries in Europe. The previous Minister of Gozo, Anton Refalo, was also renting properties to Delsk to facilitate this fraudulent this scheme. Their Chinese clients also discussed on social media apps how they have been allegedly scammed by the company.
Delsk Group has now failed to make payments to Maltese landlords from whom it rented its ghost properties and is calling them up to their office in Marsa to discuss late payments. Some landlords are owed up to €50,000, with backdated payments dating as far back as early 2024. The landlords are also being told that they will be paid via a company owned by Charlon Gouder called Gouder Properties, which is owned by Charlon Gouder. The racket was most probably fixed by Joseph Muscat himself with the help of his buddy Charlon Gouder given that they were awarded favourable treatment by government entities in order to facilitate this extensive racket. Joseph Muscat’s kitchen cabinet also facilitated this scheme. Identity Malta was also involved in separate ghost-residency rackets.
Delsk Group’s subsidiaries in Montenegro are also winding down and apparently, Nemanja Vučinić no longer works there. Nemanja is the son of the previous head of Montenegro’s security service, Boro Vučinić, who was also involved with Delsk in Montenegro.
Financial regulators across different European jurisdictions began separate investigations on the activities of Delsk Group and its subsidiaries in Summer last year. Malta’s Police sat on an extensive FIAU file on Delsk Group for a number of years before contents of this file were leaked to The Maltese Herald. Financial regulators who were not aware of the contents of the FIAU investigation took immediate action upon the public revelation of the contents. Malta’s Police has so far arraigned no one involved in the scheme but a case in Cyprus is ongoing.
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