John Dalli’s business partner likely to become next Central Bank governor

Alfred Mifsud, former chairman of the Labour Party’s television and radio operation, and a committed Labour Party activist, is likely to be named the new governor of the Central Bank.

Mifsud’s insurance brokerage business, Allcare Insurance Brokers Ltd, is in financial difficulties and its last published accounts reveal the extent of it.

This website covered the subject extensively a few months ago.

Alfred Mifsud is also in business with disgraced ex politician John Dalli, who was fired from his post as European Commissioner and is still being investigated by the European Commission.

Current investigations include the manner in which one of his companies – Corporate Group Ltd – received money from American investors, which then disappeared. The money had been transferred from the United States to an account in the name of Corporate Group Ltd at HSBC Bank in St Julian’s.

Some of these investors are now cooperating with OLAF and last week they filed reports with the Malta Police and with the Federal Bureau of Investigation (FBI) in the United States.

John Dalli’s investment in Crystal Finance – the investment services company run by Alfred Mifsud – is represented by his daughter Claire Gauci Borda, who sits on the board of directors.

Claire Gauci Borda has been reported to the police and to the FBI as the person who originally dealt with the American investors. She is reported to have told them, when they asked what became of their money, that it had been “moved to a safe place because of the investigations against John Dalli and the fear that their offices might be searched”.