Issue link: https://maltatoday.uberflip.com/i/1130632
3 maltatoday | SUNDAY • 16 JUNE 2019 CONTINUED FROM PAGE 1 The same properties had been implicated in a London Met Police bust into a prosti- tution racket. Since then, an FIAU investigation into De- lia's account in Jersey has re- portedly found that close to €500,000 was deposited in the account. But Bajada has taken um- brage at Delia's accusation that implicated him in the al- leged falsification of his sig- nature in a company memo- randum from 2004. Delia held just 10 out of 24,000 shares in Frankef, which is owned by Kris Bajada. "Delia's claim prompted a police search into the house where my estranged wife lives – and the reasons are obvious, because she is Simon Busut- til's sister, which means he wanted to divert the heat onto his 'adversary', so to speak. "But my wife has never had anything to do with my busi- ness dealings. And Delia him- self had no real ownership of Frankef. Why would he make this allegation now, after so many years?" Bajada said. Bajada even said that he had obliged in helping Adrian De- lia out when his name cropped up in the stories published during the PN leadership con- test in 2017, by providing him with all the documents he re- quested to clear his name. "His people came to my house to collect the docu- ments," Bajada said. But Bajada said he had been irked that Delia had "sent police to my ex-wife's house knowing full well that any documents on our business were at my house – probably to get back at Simon [Busut- til]. "When Delia gave his state- ment to the police, I was al- ready in the ITU – there was no hope I would make it, so I assume he thought I would take certain facts to the grave. Unfortunately for him, I am back with the truth." Police officers showed Di- ana Busuttil a warrant to search her property, which is next door to her husband's. Despite carrying out an ex- tensive search of Diana Bu- suttil's documents, police left without a single piece of evi- dence in hand. Police are yet to search the house of Kris Bajada, who was then not in a position to assist police in their investigations because he was in hospital. Bajada has also explained to MaltaToday how Delia, with whom he opened various businesses dealing with prop- erty and oil drilling, came to run his father Eucharist's off- shore companies that owned London properties that were later implicated in a Soho prostitution ring (see pages 4 and 5). "My family has never had any part in that world," Ba- jada said of the prostitution ring that found a foothold in the London properties his fa- ther owned. "My father was in prop- erty and he saw a deal to be made when he saw that prop- erty. And he made it work for him, because by vesting own- ership of those properties in offshore companies, when the rent is paid into an offshore bank account, the owner is not liable for tax – everything was legal and above-board. And Adrian Delia knew it, because he saw the property and he set up the Barclays ac- count to receive payments on the rent." When Operation Pabail busted the prostitution ring in 2003, Kris Bajada said his father risked losing those properties. The properties were, in fact, managed by Eucharist Bajada's brother Emanuel, but Kris Bajada reveals that name-lenders were used as official 'tenants' while Ema- nuel acted as a 'manager' to collect the rent from the peo- ple living in the property. Bajada says that in a bid to force out Emanuel from the properties, his father started a "legal power game" to force the rescission of the tenancy agreement. That also includ- ed Adrian Delia, who held the bank account that collected the rents, and who appointed the London lawyers to rep- resent the property owners, namely Healey Properties and AAC Freight Services. Delia was probably also ap- pointed, at one point, as the director of the offshore com- panies that served as share- holders in Healey Properties. NEWS You, your family & your business L I F E I N S U R A N C E CALAMATTA CUSCHIERI INVESTMENT SERVICES LTD (CCIS) IS AN ENROLLED TIED INSURANCE INTERMEDIARY UNDER THE INSURANCE DISTRIBUTION ACT, CAP 487 OF THE LAWS OF MALTA FOR MAPFRE MSV LIFE P.L.C.. MAPFRE MSV LIFE P.L.C. IS AUTHORISED BY THE MALTA FINANCIAL SERVICES AUTHORITY (MFSA) TO CARRY ON LONG TERM BUSINESS UNDER THE INSURANCE BUSINESS ACT, CAP 403 OF THE LAWS OF MALTA. BOTH ENTITIES ARE REGULATED BY THE MFSA. TERMS AND CONDITIONS APPLY. ISSUED BY CCIS. THE PROTECTION PLANS DISTRIBUTED BY CALAMATTA CUSCHIERI INVESTMENT SERVICES LTD (CCIS) ARE PRODUCTS OF MAPFRE MSV LIFE PLC. B'KARA | VALLETTA | SLIEMA | QORMI | FGURA | MOSTA At Calamatta Cuschieri we now offer a full range of life insurance products specifically designed to protect you, your family and your business. Contact us today for more information. 'Delia must have thought I'd take certain facts to the grave' The London layer cake PGS 4-5