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Tag: Robert Abela

Malta’s Deputy Prime Minister Resigns Amidst EU Commission Nomination Withdrawal Following Hospital Corruption Charges

Corruption tamir -
In a spectacular political shakeup in Malta, Deputy Prime Minister Chris Fearne resigned and requested the withdrawal of his nomination to the EU Commission after being implicated in the latest corruption scandal involving the privatization of Maltese Vitals hospitals. This adds another layer to the ongoing investigation into a corruption case that has already ensnared several high-profile figures, including former Prime Minister Joseph Muscat.

The Maltese Financial Regulator And Its Remarkable Legal Costs!

Malta Financial Services Authority tamir -
According to a report from Maltese online news outlet, The Shift, Malta's financial services regulator MFSA has come under scrutiny for its spending on legal services, with the regulator paying €420 per hour to a US law firm, Sheehan Phinney, and engaging around 10 other firms at lower hourly rates ranging from €50 to €220. In addition, the regulator employs full-time lawyers, some earning salaries exceeding €120,000 per year.

Interesting: Disgraced Former MFSA CEO Still Fit For Public Service Jobs!

Job Movements Ben -
Malta is different. There, it's really the good networks and friends that count first and foremost. Sincerity or reputation is less important. After a devastating internal investigation, Joseph Cuschieri was forced to resign as CEO of the Malta Financial Services Authority (MFSA) in 2020. Cuschieri used to be a good friend of the arrested Maltese entrepreneur Yorgen Fenech. However, he has been given a new government appointment, the Maltese online media The Shift reports.

A Maltese Casino Fined A Pittance For Facilitating A Drug Dealer And A Tax Evader!

FIAU Malta Mark Lagarde -
Casino Malta Limited failed to report suspected activities by an alleged drug trafficker and another player linked to bribery and tax evasion. Malta’s FIAU announced it had fined Casino Malta, run by Eden Leisure Gaming, €233,000 for serious and systemic failures in its measures to prevent financial crime. The directors of the casino are Ian De Cesare, Kevin De Cesare, and Corey David Plummer. Allegedly, Malta’s Prime Minister Robert Abela was legal counsel to the Eden Leisure Group.

Embarrassing: And Malta Gaming Authority official is investigated for basketball match-fixing

Illegal gambling Ben -
How much disgrace and national damage can regulators produce? In Malta, a lot! A Malta league basketball match is the subject of a major police investigation in Malta. The smallest EU country is well-known as a hub for gaming companies. One of the match players, Anton Axiaq, happens to be a Malta Gaming Authority (MGA) official. He works within the IT section. Maltese media reported that a criminal police investigation is underway.

Thank you! EU Parliament demands a ban on Golden Passport schemes!

Corruption Ben -
On 9 March 2022, the EU Parliament has voted overwhelmingly to end the practice of EU countries selling "citizenship by investment" (CBI). It comes in the wake of Russia's invasion of Ukraine with many wealthy Russians having received EU passports in exchange for significant investments (and payments to local officials and politicians). Members of the European Parliament in Strasbourg on Wednesday voted 595 for, 12 against and with 74 abstentions to end the so-called ‘golden passport'

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