Money-laundering facts + documents: how Keith Schembri laundered more than €700,000 through BVI company when he was already PM’s chief of staff

After he was appointed Prime Minister’s chief of staff in March 2013, Keith Schembri continued to launder money through his company in the British Virgin Islands, Colson Service Corp, which was hidden from the Maltese authorities.

When he was already chief of staff, he laundered more than €700,000 through the British Virgin Islands set-up. The accounts shown here were prepared by corrupt accountant Karl Cini of Nexia BT and are original, coming as they do from the Panama Papers.

Colson Service Corp was set up in 2011 along with Lester Holding Corp (Adrian Hillman, managing director of Allied Newspapers and Progress Press) and Selson Holding Corp (Malcolm Scerri, CEO of the Kasco Group). None of these BVI companies were declared to the Maltese authorities.

After March 2013, Brian Tonna and Karl Cini of Nexia BT restructured them through Mossack Fonseca for greater secrecy. The ultimate beneficial owners are hidden by layers of nominees.

Keith Schembri, the Prime Minister’s chief of staff, laundered more than 700,000 euros through his undeclared British Virgin Islands company after March 2013