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Seriously? State-Controlled Bank Of Valletta Co-Financed Malta’s €4 Billion Privatization Fraud!
The €4-billion privatization deal was the largest a Maltese government ever struck with the private sector. It ended before the courts. A Maltese judge rescinded the deal after finding it fraudulent throughout. The original concession for running three hospitals was given to Vitals Global Healthcare, which sold it to Steward Health Care. The Medical Association of Malta (MUM) has warned about the fraudulent deal signed in 2015 and co-financed by the state-controlled Bank of Valetta.