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BUSINESSTODAY 22 October 2020

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€1.50 THURSDAY 22 OCTOBER 2020 • ISSUE 80 WWW.BUSINESSTODAY.COM.MT MATTHEW VELLA THE top two executives of Europe's second largest bank, BNP Paribas, are opposing a request to be summonsed by a Maltese court, in a lawsuit brought by a private equity group. BNP Paribas' CEO Jean-Laurent Bonnafé and chairman Jean Lemierre, two of France's highest-profile executives, are opposing the request by Malta-based Ver- tical Group, to answer over their alleged involvement in a highly controversial deal in Malta. Vertical chairman Jacob Agam is alleging the bank tried to discredit him – a financier of British-Israeli background who criticised BNP over its involvement in money-laundering for pariah regimes – as well as of presid- ing over anti-semitic practic- es. PAGE 3 Editorial PAGE 7 BUDGET 2021: A LIFESAVER IN A TIME OF UNCERTAINTY BNP Paribas opposing Malta summons on €1 billion anti-semitism claim PAGE 2 BACK PAGE Deloitte: English language teaching loss in government net economic activity could reach €88 million BNP Paribas bosses are opposing Malta summons in antisemitism row for €1 billion damages Malta Development Bank and its role in Malta's economic revovery BNP Paribas CEO Jean-Laurent Bonnafé

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