Tag: Money laundering
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Sacrificing the plebs on the altar of the FATF
Yesterday, Times of Malta, published an interview by Bank of Valletta’s CEO Kenneth Farrugia who said that Malta does not risk getting grey-listed again by the Financial Action Task Force (FATF) because local banks have introduced a wide-range of measures to combat money-laundering. This is a very nuanced statement which deserves a reality-check and a…
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Fake Opposition abetting the suspected mules of Joseph Muscat
Alex Borg was accused of being a Labour Party Trojan Horse when he contested as the Nationalist Party’s Leader, however, an the actual Trojan Horse that is openly and blatantly working for the interests of suspected criminals associated with Joseph Muscat is Joe Giglio. Joe Giglio was the defense lawyer of Nigel Scerri who was…
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The Nationalist Party is awkwardly silent over the tax fraud and money laundering depanlisation reforms it supported
The Nationalist Party has remained awkwardly silent over the Labour government’s reforms that decriminalised acts of tax fraud and money laundering in exchange for tax payments, after a number of suspected criminals — all of them connected to the Labour Party — made use of these newly established privileges. The individuals being investigated for money…
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Taxman signing a series of deals with suspected serial money-launderers: criminal charges to be avoided
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…
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Joseph Muscat’s, Yorgen Fenech’s and Keith Schembri’s money-laundering accountant is a research assistant at the University of Malta
Karl Cini, the previous accountant at Nexia BT, who is now being charged over multipole corruption and money-laundering cases including the 17 Black case and the Progress Press case . Karl Cini was the previous partner of Brian Tonna of Nexia BT. Earlier today, news came out that Karl Cini was about to host a…
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Disgraced notary faces multiple lawsuits and criminal proceedings over alleged misuse of client funds
A disgraced Maltese notary is facing a series of civil lawsuits and ongoing criminal proceedings after allegedly misappropriating tens of thousands of euros in client property deposits. Thomas Vella has been named as a defendant in at least nine civil cases filed by former clients seeking to recover funds entrusted to him for home purchases.…
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Six arrested in Marsa following financial crime investigation
Six people were arrested following months-long investigations into alleged usury and money laundering conducted by the Police Financial Crimes Investigations Department, police said. On Monday morning, police carried out an operation in Triq Stiefnu Zerafa and Triq is-Santissima Trinità in Marsa, from where the suspects are alleged to have been operating. As part of the…
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Five Italians arrested in major police operation targeting drug trafficking and money laundering networks
Five Italian nationals were arrested on Monday following a large-scale police operation targeting foreign criminal networks operating in the country. The coordinated operation focused on suspected activities related to drug trafficking, money laundering, and participation in an organised criminal group. Those arrested include four men and one woman, aged between 27 and 35. The investigation…
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Incredible efficiency by the FCID as a Nationalist Party Councilor is arraigned to Court over fraud
The Police Financial Crimes Investigations Department have shown incredible efficiency in arraigning Francine Farrugia to Court over fraud and money-laundering, after she embezzled up to €2.4 million from the MCAST accounts department where she worked to purchase properties, luxury items, jewelry and foreign trips. Surely, the motivating factor must have been that she is a…
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One set of laws for humans, another for animals
All the while the government is enforcing tax collection on all of us mere mortals, it’s noteworthy to point out that Joseph Muscat has been allowed to enjoy his corrupt proceeds despite being charged in Court with Malta’s biggest case of fraud and money laundering of its political history. It’s pretty self-defeating to write laws…
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Aaron Mifsud Bonnici charged with money laundering
Yesterday in Court, Aaron Mifsud Bonnici was charged with money laundering as reported by the Times of Malta. A freezing order of up to €1.6 million on his assets was also requested and upheld by the Court. He has a Swiss bank account which has sources of revenue that were never declared and is also…
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Bomb-makers that killed journalist suspected of attempting to wash millions of Euros in car purchases
Adrian Agius, one of the Tal-Maksar brothers, being charged with supplying the bomb that killed Daphne Caruana Galizia is suspected by the authorities of having tried to wash his money in car purchases. Jason Azzopardi, who is currently serving as the civil defence lawyer to the family of Daphne Caruana Galizia, mentioned this point yesterday…