€1.50
THURSDAY 1 APRIL 2021 • ISSUE 102
WWW.BUSINESSTODAY.COM.MT
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Editorial PAGE 9
THERE IS A WAY OUT
Epic to invest
€40 million in its
network and 5G
preparation
PAUL COCKS
THE recent high-profile arraign-
ments and subsequent incarceration
last month on money laundering,
corruption and fraud charges charg-
es have had a devastating effect on
the property and construction in-
dustries.
Developers, contractors and in-
vestors, notoriously cash-rich, have
resorted to purchasing high-value
property in order to offload their
cash reserves as they shy away from
any major project partnerships.
Sources, who spoke to BusinessTo-
day on condition of anonymity, said
that untold millions of Euros are of-
floaded annually in this manner, as
investors purchase luxury property
with undeclared cash reserves.
Investors offloading undeclared
cash in luxury property as they
re-evaluate project partnerships
Government
unveils
plan to lift
COVID-19
measures
Developers turn to luxury
property on the market
as they shy away from
development partnerships
that could prove to be a
liability down the line
