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€1.50 THURSDAY 1 APRIL 2021 • ISSUE 102 WWW.BUSINESSTODAY.COM.MT PAGE 3 PAGE 5 PAGE 3 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

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