Advertisement

Mr Monopoly: Bertu Mizzi and Alf Mizzi & Sons

If Malta had a sophisticated and analytical Financial Crimes Investigation Department at the Police, the very nature of the contract to MIDI in 2000 would have been under serious scrutiny by criminal investigators.

There are many problems and questions that arise when a company with just LM 241,000 in cash was granted massive tracts of public land for a 99-year lease. The aggravating factor here is that Albert (Bertu) Mizzi, the owner of Alf Mizzi & Sons, now succeeded by his son Alec Mizzi, was a major donor to the Nationalist Party at the time, and these donations were never publicly declared. It was also widely known that Bertu Mizzi provided financial support to the press to secure backing for his project and the deed

This is why the entire deal between MIDI and the government was essentially built on the company’s consistent misrepresentation that it could meet large-scale development obligations: obligations it has now failed and can not fulfill.

Bertu Mizzi was an astute businessman insofar he could play the classic Maltese feudal game of monopoly, which he successfully achieved over the years by being very close to politicians from both major political parties. His legacy company, Alf Mizzi & Sons, was recently accused by Alex Agius Saliba of using its monopoly power in the importation of food products for profiteering. Our investigation on the issue had showed evidence that Alex Agius Saliba was in fact right.

Bertu Mizzi’s history is also interesting and we may also do some work about it like we did with regard about Tumas Group, considering his significance.


Comments

7 responses to “Mr Monopoly: Bertu Mizzi and Alf Mizzi & Sons”

  1. Paul.n.galea avatar
    Paul.n.galea

    Albert Mizzi was a brilliant businessman.He knew how to hunt with the hounds and to run with the hares.No doubt he built a great empire but he also gave a lot to the country.I saw him in action for many years running Air Malta I’m difficult circumstances but avoiding a burden on the taxpayer and supporting our tourist industry by flying to uneconomica airports…He solved the mess in the chocolate factory created by Mintoff.Once he told me that he had to teach the workers lumped on the marsa shipyard how to read.
    The Midi concession was given by the politicians years ago when circumstances were very different.
    Today creating a park o Manoel island would make more sense.The developers will need to be somehow compensated for the brilliant way they rescued fort Manoel and the govt has no choice but to find a way to avoid a default of the Midi bonds as this can spread to the many other construction related bonds on the Malta stock exchange.
    The situation calls for a compromise and silent negotiations..and silly talk does not hrlp

  2. William Farrugia avatar
    William Farrugia

    Fair view point regarding Air Malta and a few other jobs Albert Mizzi was requested to do but its also fair to understand thats why he was periodically compensated very handsomely. It is wrong that public property is used as a way to compensate a family without attributing fair future value. Compensation should have come as is normal to do by declaring a financial yearly renumeration. But thats the problem with Malta since independence confusing doing anything the right way with the wrong way as long as the end is for good of the nation.

    Keep in mind that Albert Mizzi had already done this under a colonial government with Santa Maria Estate. I remeber being disgusted reading an interb=view where he boasted that he was proud to say he always looked for opportunities that did not require funds but connections.

  3. […] public land deal by which MIDI’s major shareholders enriched themselves, involves two major families that historically grew their businesses out of monopoly and rent-seeking practices: Alf Mizzi & […]

  4. MK Ultra avatar
    MK Ultra

    Bertu Mizzi whilst chairman of Air Malta became Boeings official agent in Malta. This happened just before Air Malta ordered brand new 737s from Seattle. Apart from commissions on the new deliveries, any spare part ordered for the new aircraft had to go through his company. He earned millions through the years until Air Malta went for an all Airbus fleet.

    Malta imexxiha minn 4 familji li hadha fโ€™idejhom l-ekononomija tal-pajjiz.

    1. John Cordina aka Benny avatar
      John Cordina aka Benny

      Are we forgetting how British Airways had a monopoly as well as Air Malta for decades in return for the best spot in heathrow? How smart do you have to be to make successful an airlines with a monopoly on the only route to an english speaking mediterranean destination? Not just but lets not forget that this fledgling airline acquired for free at least three properties that come to mind each being turned into hotels with magnificent mediterranean views.

      Was therefore Bertuzzo Mizzi such a smart businessman doing Malta a huge favor? Go pull the other one Dom, Bob, Ed, Gonz and all the rest of ye party sucklers

  5. All for One and One for All! avatar
    All for One and One for All!

    He was nicknamed Bertie, not Bertu. Get it right!

    1. Mark Camilleri avatar
      Mark Camilleri

      “Bertie” kienu jseฤงulu hekk xi nies qrib tiegฤงu u ta’ Tas-Sliema imma “Bertu Mizzi” kien magฤงruf gฤงall-maฤกฤกoranza tal-Maltin.

Leave a Reply

Your email address will not be published. Required fields are marked *