And 2%, of course, is a fifth of 10%

The commission on a deal would normally be 10% (and here I must qualify the use of the words ‘commission’ and ‘normally’). Shanghai Electric Power spent €320 million on buying the Delimara power station and a 33% stake in Enemalta. Mister Konrad’s €6.4 million – the GBP5 million in his source-of-funds declaration to Bentley’s in New Zealand – is a precise 2% of €320 million.

But Mister Konrad couldn’t have pulled that off alone. He needed Cheng Chen to push it through for Shanghai Electric Power. He needed Brian Tonna to set up the shady and secret network of offshore companies. And obviously, he needed the Prime Minister and his chief of staff, behind whose backs doing this kind of thing would have been impossible as what you most certainly don’t have there is an Eddie Fenech Adami/John Dalli scenario.

And there you have your 10%, because there are five of them: €6.4 million x 5 = €32 million.

They all set up secret offshore companies through Brian Tonna (who set one up for himself) immediately after the general election in 2013. Egrant Inc in Panama is the only one which Tonna set up that can’t be linked by journalists to its ultimate beneficial owner, while the Prime Minister is the only one of this node of five individuals who can’t be linked to a secret offshore company.

This story is now getting as ugly as sin, and the Opposition would do well to consult its lawyers and challenge the Delimara power station/Enemalta deal in court on behalf of the people of Malta, on grounds that it is vitiated through fraud and corruption.

It is blindingly obvious that the intellectually challenged Muscat lackey who has been appointed acting Commissioner of Police has neither the brains nor the will to act, and is probably right now sorting through his Inter ‘budgies’ collection.