Tag: MIDI plc
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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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MIDI doesn’t have the cash to build its luxury properties in Manoel Island
The Maltese Herald is still conducting a deep analysis of the finances of MIDI. However, at a first glance of their annual report of 2023, MIDI clearly doesn’t have the cash to go ahead with the project at Manoel Island. MIDI can only finance its project at Manoel Island if it takes new bank loans…