Tag: Alec Mizzi
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Alec Mizzi of Mizzi Group confirms that the government bailed-out MIDI over bond payments: Owen Bonnici says he doesn’t care
During an interview with Il-Każin, Alec Mizzi confirmed that the government bailed-out MIDI with a €42 million payment that enabled the company to have enough liquidity to pay its bondholders. MIDI had an outstanding €47 million bond payment due this year but no liquidity and cash reserves to pay bondholders. MIDI was in dire financial…
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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…
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MIDI: decades of lies and false pretenses
The Maltese Herald is currently conducting a financial analysis of MIDI plc, the company granted a 99-year lease on Tigné Point and Manoel Island in 2000 for development into luxury real estate projects. So far, The Maltese Herald has found that MIDI doesn’t have the capital to fulfill its contractual obligations to complete its project…
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Alf Mizzi & Sons don’t disclose their profitability for 2021 on food imports, but they do disclose a €1.5 million in dividends
It’s a bit difficult to comprehend the profitability for Alf Mizzi & Sons on food imports for 2021 because their accounts are incomplete. Labour MEP Alex Agius Saliba has submitted an official complaint to the EU Commission where he alleges that large food importers in Malta are abusing their monopoly position. I am not saying…
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Alf Mizzi & Sons don’t disclose their profitability for 2021 on food imports, but they do disclose a €1.5 million in dividends
It’s a bit difficult to comprehend the profitability for Alf Mizzi & Sons on food imports for 2021 because their accounts are incomplete. Labour MEP Alex Agius Saliba has submitted an official complaint to the EU Commission where he alleges that large food importers in Malta are abusing their monopoly position. I am not saying…
