He could see the potential for making money and wanted to make sure the Nationalist Party lost the election so he can receive the commissions himself.

He has the two ministries where hefty commissions are paid by contractors when tenders are awarded. It was most probably at this time that Joseph Muscat and Konrad Mizzi consolidated their friendship and together with their consultant John Dalli planned this money-making venture.

The police should start investigating all three of them, together with a few more in their positions of trust, immediately.

Daphne, bil-Malti fil-qosor nghidu nxtara, biegh ruhu.

This government minister is declaring his structure but not the bank account. He is probably worried that somehow his trust or company will be revealed by this website or others, so he declared it.

What needs to be asked is “with which bank does the shell company bank”? It’s easy for him to say the company has no funds whilst a bank account in St Vincent is holding a few million dollars or more in the name of the company.

The Panama authorities wiĺl not know and frankly do not care. St Vincent or any other jurisdiction for that matter will report the account through the OECD’s CRS system in 2017. But since such information will go to Panama, which does not care about monies earned outside Panama, its tax unit won’t investigate.

Malra and the EU will never get wind of what the shell company has in terms of funds. The company is owned by a New Zealand trust run by a New Zealand trustee. Hence no information is declared outside Panama and New Zealand. This is the perfect set-up for hiding funds.

If Mizzi were seriously interested in a trust for family inheritance etc he could have set one up easily in Malta for under 3,000 euros and with a running cost of around 1,500 euros a year. This is certainly cheaper then the New Zealand and Panama set-up.

Where is the bank account or accounts? He will get away with lying about the accounts. The setup is bulletproof for anyone willing to hide heir wealth or kickbacks.

Yes, but he stopped talking once he made a deal with Muscat.

But didn’t he speak about shady characters he used to see at the fourth floor at the Mile End HQ?