It is crucial to bear in mind that John Dalli is in business with the Labour Party’s Alfred Mifsud
Alfred Mifsud and John Dalli are business partners in Crystal Finance – Dalli’s interests are represented by his daughter Claire, who is a director of the company
‘Broker’ has just posted the following comment:
Can John Dalli explain his secret Saturday visits to the offices of Alfred Mifsud’s company, Allcare, when staff were not around. These visits were taking place when he was still EU Commissioner.
I thought I had better upload both the comment and my answer as a separate post, because this is a public-interest matter. I had covered it extensively on this website last summer.
John Dalli has invested in Alfred Mifsud’s company, Crystal Finance (same offices as his other company Allcare Insurance). His shareholding interest is represented on the board by his daughter, Claire Gauci Borda nee Dalli.
John Dalli’s daughter became a director of Alfred Mifsud’s Crystal Finance in January last year, just before the general election, when her father was evading justice by holing himself up in Brussels with a pseudo-psychiatrist’s certificate.
You have all the information you need in the links below.
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http://daphnecaruanagalizia.com/2013/07/why-is-john-dallis-i-hold-my-fathers-interests-daughter-a-director-of-alfred-mifsuds-crystal-finance-company/
http://daphnecaruanagalizia.com/2013/07/the-press-should-stop-asking-john-dalli-whether-he-did-x-or-y-and-ask-his-daughter-claire-gauci-borda-instead-she-is-his-business-alter-ego/
http://daphnecaruanagalizia.com/2013/02/again-i-ask-why-did-john-dallis-daughter-become-a-director-of-alfred-mifsuds-crystal-finance-last-month/
http://daphnecaruanagalizia.com/2013/02/perhaps-labours-alfred-mifsud-would-like-to-explain-why-he-made-john-dallis-daughter-a-director-of-his-company-crystal-finance-last-month/
Now would I invest with Alfred Mifsud. Don’t think that I would even buy a second hand car from him
Is he a second-hand car salesman or a horse-trader?
Allcare has some interesting shareholders and together with Untours it is the insurance company preferred by government and parastatal companies.
They published their accounts last Saturday, just about meeting the legal requirements, but chose a paper and a day when they got least exposure.
Looking at the results one understands why immediately. The great pity is we the complete lack of financial journalists in this country.
This is the real xibka ta’ hazen.
Alfred Mifsud was Joseph Muscat’s employer (I suspect that Muscat carried out his work counseling on investment without the required MFSA licence). Now Joseph Muscat will appoint Alfred Mifsud as governor of the Central Bank. This iceberg includes Dalli, obviously beneath the surface.
And Nair & Co. Alfred Mifsud is keeping it in the family.
Untours belongs to the General Workers Union, say no more. What is interesting about Allcare Insurance is where they are in terms of capital under the new solvency regime which comes into play on 1.1. 2016, and who will be pumping up the money.
Allcare is being preferred by all government entities and authorities. They are being allocated a straight 25% of all insurance covers. Seems like we are back to Mintoff’s times with MiddleSea. And where is the capacity to meet the liability should an accident occur? Their balance sheet does not show it.
Why does government need an insurance company to take on its risk? Government can and should make good for its accidental failings. It goes without saying that no government failure should be deliberate.
All governments own assets and face potential liabilities that they prefer to insure, in the same way that large corporations do. It rarely makes sense, whether you are an individual or a large business, to carry all risks, that are insurable, yourself.
Who insures the insurer?
The Mullet and the Shark.
He looks in mirror and thinks ‘cool’, everyone else just thinks ‘twat’.
Bear in mind that Joseph Muscat’s only ‘real’ job was at Crystal Finance.
Air Malta recently appointed All Care as their group health insurance underwriters.