Comments on: How hard could it have been for Malta Enterprise chief Mario Vella and Prime Minister Muscat to do the same thing? https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/ Daphne Caruana Galizia is a journalist working in Malta. Sat, 05 Oct 2013 21:44:59 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: We are living in Financial Times https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/#comment-1306649 Sat, 05 Oct 2013 21:44:59 +0000 http://daphnecaruanagalizia.com/?p=38404#comment-1306649 In reply to Osservatore.

Hear, Hear! This is where the Media should be sniffing away.

Why is there an aura of fear hanging over the whole matter?

Which legal firm is involved in handling Nair’s affairs?

]]> By: Dynamo https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/#comment-1305209 Fri, 04 Oct 2013 14:40:30 +0000 http://daphnecaruanagalizia.com/?p=38404#comment-1305209 In reply to QahbuMalti.

61 Blk 24

]]> By: ciccio https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/#comment-1305144 Fri, 04 Oct 2013 13:30:11 +0000 http://daphnecaruanagalizia.com/?p=38404#comment-1305144 In reply to Miss Marple.

Venditori di tappeti.

]]> By: Osservatore https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/#comment-1305005 Fri, 04 Oct 2013 10:38:10 +0000 http://daphnecaruanagalizia.com/?p=38404#comment-1305005 In reply to Osservatore.

And how could I ever forget the banks, who are charged with receiving, holding and paying funds on behalf of these companies?

]]> By: Osservatore https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/#comment-1304903 Fri, 04 Oct 2013 07:27:27 +0000 http://daphnecaruanagalizia.com/?p=38404#comment-1304903 Shiv Nair and his companies are also courted by service providers in Malta: lawyers, accountants and auditors with MFSA licences or professional warrants, who are subject to money laundering legislation.

This means that they have an obligation to carry out ‘know your client’ procedures. How such a person can fall through their procedural checks is beyond me, particularly when we seem to be talking about a relatively high profile person with political connections in certain jurisdictions, who uses multiple variations of his name, who has been blacklisted permanently by the World Bank for fraud and corruption, and about whom information is freely available on the internet.

The FIAU as well as the Inland Revenue should be keeping their eyes glued on this person and his companies.

A closer look may also need to be taken at the professionals who are servicing him, ensuring that they are fulfilling their obligations given that no professional worth his salt should have ever shaken the hand of a person blacklisted by the World Bank.

]]> By: Alf https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/#comment-1304578 Thu, 03 Oct 2013 20:57:29 +0000 http://daphnecaruanagalizia.com/?p=38404#comment-1304578 In reply to Alf.

Jozef, Kalmykia is a federal subject of Russia (a republic). Population: 289,481 (2010 Census). It is the only Buddhist region in Europe. It has become well known as an international center for chess because its former President, Kirsan Ilyumzhinov, is the head of the International Chess Federation (FIDE).

]]> By: It-Tezi ta' Mario https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/#comment-1304573 Thu, 03 Oct 2013 20:47:41 +0000 http://daphnecaruanagalizia.com/?p=38404#comment-1304573 In reply to Alf.

Kalmykia is a Russian Republic.

]]> By: It-Tezi ta' Mario https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/#comment-1304569 Thu, 03 Oct 2013 20:45:27 +0000 http://daphnecaruanagalizia.com/?p=38404#comment-1304569 In reply to Miss Marple.

Nair’s operations are outside Malta. Malta and Malta’s Prime Minister in particular, are just convenient tools.

]]> By: It-Tezi ta' Mario https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/#comment-1304565 Thu, 03 Oct 2013 20:41:36 +0000 http://daphnecaruanagalizia.com/?p=38404#comment-1304565 In reply to it-Tezi ta’ Mario.

The Portomaso address is listed as the personal address of the company’s director.

The Valletta address is the company’s official registered address.

]]> By: rpacebonello https://daphnecaruanagalizia.com/2013/10/how-hard-could-it-have-been-for-malta-enterprise-chief-mario-vella-and-prime-minister-muscat-to-do-the-same-thing/#comment-1304506 Thu, 03 Oct 2013 19:23:48 +0000 http://daphnecaruanagalizia.com/?p=38404#comment-1304506 I wonder if some of his clients were the ones who wanted to transfer millions of dollars to the Bahamas for charitable purposes for the people of Africa. In any case these kind people seem to have had a change of heart – pity.

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