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The Maltese Herald

Kevin Deguara positions himself to profit over new Bormla-Smart City bypass

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by

Mark Camilleri
in

Kevin Deguara (far-left in the photo) seems to have successfully positioned himself to profit from the latest monstrosity announced by the Labour government. The Ministry of Transport has announced it will constructing a new road from Cospicua, starting from Bieb is-Sultan, to Smart City. The road goes through agricultural land, and a very interesting individual has successfully positioned himself at both ends of the project.

Kevin Deguara, a previous friend to Joseph Muscat and currently charged in the Vitals case, was involved in the Shoreline real-estate project in Smart City.ย  He resigned as director of the Shoreline companies, owned by Ryan Edward Otto, last year when he was charged in the Vitals case. Kevin Deguara is currently also the President of Zabbar Saint Patrick Football Club, which coincidentally has its ground next Bieb is-Sultan. He has been president of the club as back as 2021.

Saint Patrick’s Club rents a property just right next to Cospicua’s gate which they use as their ground. Interestingly enough, the government leased the club another piece of land on the opposite side of the club’s ground, next to Saint Edward’s College. This site was leased to the club in 2023 for 45 years and the lease was passed by Parliament and signed by SportMalta Chairman Matthew Pisani and the club’s representatives Kevin Deguara and Mike Anthony Sladden. The lease was presented in Parliament by Education Minister Clifton Grima.

Coincidentally, the new bypass passes just right through the piece of land that was leased to Zabbar Saint Patrick FC. The lease to the land was granted at โ‚ฌ6,170 per year, but discounted with a subsidy of 95%, levelling it down to just โ‚ฌ308 per year. The club can not lease the land to third-parties but it can open a bar and a business which it can lease to third-parties as long as the main function of the property remains for sportive reasons.

ลปabbar St. Patrick Football Club secured a very good deal with the government thanks to Kevin Deguara, but he is also putting himself in a position where he is suspected of trading on insider information.

This is a developing story.

 

 

Comments

6 responses to “Kevin Deguara positions himself to profit over new Bormla-Smart City bypass”

  1. M.Galea avatar
    M.Galea

    Xi hmieg…..in nies li kellhom iwarbu bhal Johan Buttigieg, Elisabeth Ellul….kollha reggghu sabu posthom! L gvern qed jghidlek jien mahmug u ser inkomplu…..jaf ben fatt li l elezzjoni li jmiss hija rebha ghalih!

    Reply
  2. Moviment Graffitti slams proposed Zabbar-Smart City road as โ€œenvironmental disasterโ€ - The Maltese Herald avatar
    Moviment Graffitti slams proposed Zabbar-Smart City road as โ€œenvironmental disasterโ€ - The Maltese Herald

    […] plan, backed by the Ministry for Transport, has also raised eyebrows due to its links to Kevin Deguara who is charged in the Vitals case. As previously reported, Deguara appears to be strategically […]

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  3. ADPD oppose the construction of new road to Smart City - The Maltese Herald avatar
    ADPD oppose the construction of new road to Smart City - The Maltese Herald

    […] who was also involved in the Smart City project under Joseph Muscat’s administration, was appointed President of Saint Patrick’s Football Club shortly before the government announced plans for the road. The football club plans to open a bar […]

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  4. Kevin Deguara's business partner is now also involved in Saint Patrick's Football Club - The Maltese Herald avatar
    Kevin Deguara's business partner is now also involved in Saint Patrick's Football Club - The Maltese Herald

    […] of real-estate investors related to a project in Smart City, lead and organised by Kevin Deguara, have taken over Saint Patrick’s Football Club. Their takeover came just before the government announced a new road linking Cottonera Gate and […]

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  5. The suspected professional washing machines holding the nation's loot - The Maltese Herald avatar
    The suspected professional washing machines holding the nation's loot - The Maltese Herald

    […] Kevin Deguara is being charged in the Vitals case for his role as a government lawyer during the initial stages of the signing of the Vitals fraud. He is known to be a close friend of Keith Schembri and assisted a company suspected of having links to Joseph Muscat to purchase BOV’s bad debt. He was also involved in a real-estate project in Smart City and is currently responsible for a football club along with his business partner that is set to benefit from the construction of a new road to Smart City. […]

    Reply
  6. Maltese markets are not correctly pricing distressed assets - The Maltese Herald avatar
    Maltese markets are not correctly pricing distressed assets - The Maltese Herald

    […] project today, called Shoreline Mall, is largely controlled by Kevin Deguara and South African investor Ryan Edward Otto, who is the main shareholder through his investment […]

    Reply

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