UPDATED/Konrad Mizzi’s Sliema flat is almost 100% hypothecated to the Bank of Valletta

UPDATE/Two points I did not mention in the original post: 1. the notary who signed this deed of purchase is Labour MP Charles Mangion, who will have known all along that his colleague Konrad Mizzi was lying about the flat being transferred to the Panama company, because 2. real estate that is under hypothec cannot be transferred to a company or trust.

When his secret Panama company sheltered by a New Zealand trust was discovered and details published in the press, Health & Energy Minister Konrad Mizzi, shockingly aided and abetted by the Prime Minister in his lies, claimed that he planned to declare it all along. The Prime Minister helped by falsely and improbably claiming that he had seen Mizzi’s draft declaration of assets in which the Panama company was listed.

But it has since been revealed that a document exists in which Konrad Mizzi made clear, at the time he set up his company, that he wanted “full secrecy and confidentiality” and “no audit”.

In his panic when he was discovered, Mizzi – again aided and abetted by the Prime Minister – said that he set up his Panama company to hold his existing real estate: a house and garage in London and a flat in Malta.

But today I can reveal, after searches in the Public Registry, that the Health & Energy Minister’s Sliema flat is almost 100% hypothecated to the Bank of Valletta. The transfer from businessman Joe Debono was effected in July 2013 at a price of €380,000 using a loan of €342,000 from the Bank of Valletta: Konrad Mizzi’s deed of purchase of Sliema flat from Joe Debono

There is another point: shadow minister (not minister) Joe Cassar resigned his seat in parliament because of works carried out in his house as a favour by business operator Joe Gaffarena. But while this flat was being refurbished for him to move into, cabinet minister Konrad Mizzi lived free of charge with his wife and children at another Sliema flat – 4, Marina Court, Tigne Sea Front – loaned to him by the same business operator, Joe Debono, from whom he bought the flat.