Issue link: https://maltatoday.uberflip.com/i/1098850
NEWS 5 maltatoday | SUNDAY • 31 MARCH 2019 CONTINUED FROM PAGE 1 Frankef Ltd was owned by Kris Bajada – the son of Eucharist Bajada, the owner of a series of London proper- ties connected to a Soho pros- titution ring. Delia is said to have received monies from the rental of the properties on behalf Bajada's offshore com- panies. Delia held just 10 out of 24,000 shares in Frankef Ltd. Kris Bajada is, however, unavailable for comment giv- en that he is in intensive care at Mater Dei hospital. One of his properties was searched by police last Sunday as part of the investigation requested by Delia. It is unclear as to why the al- leged falsified signature in the MOA should have any con- nection to the FIAU investi- gation. Frankef was incorpo- rated in 1998, which is when the MOA was filed, and al- terations to the memorandum were last made in July 2004, according to the Registry of Companies. Additionally when MaltaTo- day reached out to Delia this week, the PN leader did not want to specify when he learnt of the falsified signatures, giv- en the timing of his press con- ference last Saturday soon af- ter having received questions from The Times. Delia, in fact, refused to tell MaltaToday what the docu- ment on which his falsified signature was, to which com- pany it pertained, when he realised that his signature had been falsified, and when it had come into his possession. MaltaToday has also seen variations of Delia's signature on different documents con- nected to both Frankef, and the allegations of his dealings on behalf of the Soho proper- ties' holding companies. The signatures on the MOA of Frankef Ltd and its altered MOA look alike, but they are then unequivocally different to the signature on a 1999 let- ter from Delia in which he pre- sents himself as the director of Healey Properties, one of the companies which owned the London properties implicated in a prostitution investigation; as well as another variation of his signature on a 2003 reso- lution for his resignation from Healey Properties. In his comments to MaltaTo- day, Delia yesterday refused to answer MaltaToday's specific questions, citing an ongoing magisterial inquiry. Delia's spokesperson said the false signatures "may be linked" to the allegations "in- tended to tarnish" Delia. "It would be imprudent to com- ment further while the inquiry is underway," he said, after saying he wants police to es- tablish "any links between the forged signatures" and the FIAU report. "Dr Delia strongly refutes any allegations of wrongdoing and declares that he has always acted according to the law. He categorically denies that he has ever been involved in any illegal transactions which also counts for his years as a prac- tising lawyer. Dr Delia is a vic- tim of signature fraud which is maliciously being used as the basis of political spin and con- jecture which conveniently follows Dr Delia's strong and unwavering fight against gov- ernment's corruption, the rule of law and democracy." The Sunday Times of Malta reported last week that an in- vestigation by the Financial Intelligence Analysis Unit into a London-based prosti- tution racket had concluded that Delia many have used his Jersey account, the existence of which was first reported by the late Daphne Caruana Gali- zia, for money laundering. According to the Times the FIAU conducted an in-depth analysis of Delia's Jersey ac- count, which it found had been opened in February 2001 and closed in October 2004. During this period, an equiv- alent of roughly £346,000, in the form of cheques and cash, would have been deposited into the account from various bank branches around Lon- don. The FIAU tracked funds from Delia's Jersey account being transferred to two Swiss accounts as well as the com- pany Healey Properties Lim- ited, which is registered in the Bahamas. The company owned a num- ber of the properties known to have been used as brothels over this period. Its ultimate beneficial owner is believed to be Eucharist Bajada, brother to Emanuel Bajada, who, to- gether with his wife Eve, are believed to have collected rent from the properties and paid them into offshore companies of which Delia was a director. The company is believed to have held eight accounts at Bank of Valletta and possibly others in different jurisdic- tions. More than half of the money, some £218,000, was trans- ferred to two accounts in Switzerland but it was unclear where the money moved to next. £91,568 went to Healey Properties Ltd and £40,000 to E&M Bajada Ltd, in Malta. Investigators who spoke with the newspaper pointed out that deposits to Delia's ac- count were irregular and var- ied from £400 to £16,000 per deposit, suggesting they were not regular rent payments. EXPRESSION OF INTEREST Y M E I A WWW.YACHTINGMALTA.ORG Y M • - • • € . T S• ‚ ƒ ‚ „ ƒ … ‚ ƒ Y M; „ -• ; ƒ … ˆ ƒ •ƒ ‚ • € € … . T • R• ‚ ƒ • ƒƒƒ.. P ‚ ‚ C , Y M L @. ‚ W ‹Œ A ‹Ž'' T I • R- M S R M E Falsified signatures Variations of Delia's signature on published documents: top, a letter in which he tells London lawyers he is the director of Healey Properties, and below the resignation resolution for Healey Properties; below, the 1998 Frankef Ltd memorandum of association and its 2004 alteration. There is a clear difference between the two sets of signatures