Comments on: TOP STORY/€4 million in loan and overdraft facilities at Bank of Valletta for PM’s chief of staff’s loss-making business

By: s

Fri, 13 May 2016 07:37:00 +0000

What a crook.

By: NyxC

NyxC — Fri, 13 May 2016 06:44:00 +0000

Professional crook.

By: callixtus

callixtus — Thu, 12 May 2016 21:29:00 +0000

In reply to Xkamun. And Joseph Muscat claims he saved them.

By: robert zimmerman

robert zimmerman — Thu, 12 May 2016 20:34:00 +0000

In reply to Aaronn. Labour has taken over the Bank of Valletta.

By: J. Vella

J. Vella — Thu, 12 May 2016 20:25:00 +0000

In reply to Daphne Caruana Galizia. Schembri mhux annimal politiku, mohhu biss kif se jaghmel il-flus b'kull mod possibli, tajjeb jew hazin. Brian Tonna il-mera tieghu u jaqdieh mill-koxxa.

By: Redneck

Redneck — Thu, 12 May 2016 20:15:00 +0000

Besides what it owes the banks, Kasco Holdings Ltd also has “third party loans” of €580,694 (2013 – €941,368) repayable over five years at 6%pa, and a further third party loan of €136,676 (which shows no change from the previous year) which is interest-free and repayable over two years. Both loans are secured by monthly bills of exchange.

The above are loans which Kasco Holdings gave to 3rd parties. Very unusual…

By: Godfrey Leone Ganado

Godfrey Leone Ganado — Thu, 12 May 2016 20:07:00 +0000

In reply to Daphne Caruana Galizia. A certifed public accountant and not a chartered accountant which is considered to be a more 'sophisticated' qualification. I spent 40 years in the profession of accountancy and audit.

By: Daphne Caruana Galizia

Daphne Caruana Galizia — Thu, 12 May 2016 20:03:00 +0000

And he’s the Prime Minister’s chief of staff. And Brian Tonna sits in the Prime Minister’s Office.

By: Daphne Caruana Galizia

Daphne Caruana Galizia — Thu, 12 May 2016 19:55:00 +0000

I think we should point out to readers that you are a chartered accountant of many years’ standing.

By: Godfrey Leone Ganado

Godfrey Leone Ganado — Thu, 12 May 2016 19:41:00 +0000

In reply to Daphne Caruana Galizia. This highlights even more the lack of important information that should have been disclosed in the HSBC information report if the bank really wanted to issue a factual report. I am sure that they had the financial statements which show the extent of the guarantees/general hypothecs given for banking facilities by Keith Schembri personally as well as through Kasco Holdings.