He would simply work through his one official company – BT International Ltd – which is a registered agent.

I don’t wish to sound offensive, but you have clearly not understood the contents of the post.

This structure was set up for just two purposes:

1. to hide earnings from the taxman (Brian Tonna’s company in Malta is paid by the government/Henley, but then receives invoices from the BVI company which pay the money out again – to Brian Tonna, unbeknownst to the taxman here);

2. to conceal the number of Maltese passports actually being ‘sold’ by Brian Tonna, a man with a desk at the Prime Minister’s Office, by pretending they are all clients of this BVI company, which unbeknownst to the press and the authorities in Malta is owned by him too.

I hope you have now understood.

This is our problem, our business and it is up to us to solve it. That is when we will know that we have understood the meaning of democracy.

You are talking about blind trusts used by politicians, I imagine.

No problem. I often wonder how you manage to cope with all the emails. Operating in financial services I often get the urge to reply to certain rubbish one reads and try to hold back.

One thing which has not been highlighted is the following. When a minister is appointed it is admirable (where they have substantial wealth ie more then a house in “London”) that they place all their personal wealth in a trust to protect themselves from potential conflicts of interests and be seen to be doing so.

For this to hold water it is of the utmost importance that this is done prior to taking on the position of Minister.

Let us not forget that the trust as an instrument was born during the crusades for crusaders who gave their property on “trust” to their friends in case they did not return from the wars.

In the case of the Minister however, and here is the fundamental difference, they would appoint someone who is beyond scrutiny to provide the function of trustee and not a company who would do their bidding such as Mossack Fonesca.

So Konrad’s arguments make no sense for the following reasons.

1. The quantum in question does not merit such a convoluted scheme (especially Panama and especially considering the Maltese Legislation providing all the vehicles he needs).

2. The formation of a trust should be made public knowledge since its publicity is what is important as opposed to the secrecy; and most importantly.

3. The trustee should be someone who would be above politics and should be publicly trusted to ensure that all business within the trust be above board.

In my modest opinion whilst Muscat may legally be avoiding the firing of Mizzi he is morally wrong in evading it.

But that is a separate story.

They sold off the remaining but pivotal commanding height of any economy, power generation, broke up the health service and sold the profitable bits off, without anyone batting any eyelid, and hawked our passports in the most unsavoury of countries.

They dismantled the Police Corps and the Armed Forces, and reduced the Judiciary to laughing stock by appointing their own crony nincompoops. They paralysed whole government departments as one scandal broke after another.

They perplex European leads by pursuing Chinese interests and threatening, repeatedly, to use the veto over immigration. They also infuriate the Americans by meddling in Libya and allowing oil smuggling and arms dealing to continue unabated off Malta.

Now they’re destroying the financial services industry in this country, which contributes 45% to Malta’s GDP and keeps so many other industries going.

And Joseph Muscat would still win an election with a 10,000 vote margin. I despair.