Aron Mifsud Bonnici, who was charged with money laundering and tax evasion, has reached a settlement with the tax authorities to pay his arrears, resulting in the discontinuation of criminal proceedings against him. The deal follows another deal with previous drug-trafficker Christian Borg. Nigel Scerri, who is suspected of being a money-laundering mule of Joseph Muscat, is also in discussion with the tax authorities for a similar agreement.
The deals with the taxman are being made on the back of a recently approved law that depanlised tax evasion. The new law issues payment penalties for tax evasion instead of effective prison sentences. The Minister for Finances Clyde Caruana had previously defended the reforms on the grounds that they will be more effective at tax collection, ever the beneficiaries of this law are also individuals who are suspected of conducting tax evasion as a result of serious crimes which will now go uinpunished and these were not honest business people who failed their tax submissions due to financial challenges.
Aaron Mifsud Bonnici has been suspected for laundering money for top politicians and being involved in public corruption while the source of wealth of Christian Borg is derived from cocaine trafficking. Nigel Scerri is also suspected of laundering money for Joseph Muscat. Investigations on the source of wealth of these individuals will fizzle out as money-laundering charges are dropped against tax payments.
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