Issue link: https://maltatoday.uberflip.com/i/1472486
NEWS 7 maltatoday | WEDNESDAY • 6 JULY 2022 MALTA GOVERNMENT STOCK FOR SAFE INVESTMENT AND LIQUIDITY WITH INTEREST PAID UP TO THE DAY OF RE-SALE OF STOCK SECURITY CONTINUOUS LIQUIDITY INTEREST EVERY SIX MONTHS (The value of the investment may go up or down during the tenor of the Stock.) Treasury Department, Development House, Level 2-3, St. Anne Street – Floriana, Malta Tel: 2596 7125 Secure Investment Issue of €150,000,000 in Fixed Rate Malta Government Stocks (subject to the over-allotment option up to a maximum of €100,000,000) MALTA GOVERNMENT STOCKS STOCK TAL-GVERN ________ (i) 2.60% Malta Government Stock (Fifth Issue) maturing in 2028, The Price for each Stock at (i), (ii) and (iii) above, offered for subscription by members of the public shall be established on Thursday 7 th July 2022, based indicatively on the prevailing secondary market prices, and shall be announced through a Press Release issued by the Department of Information (DOI). (ii) 2.90% Malta Government Stock (Sixth Issue) maturing in 2032, and Fixed Rate Malta Government Stocks Applications from members of the public for an amount up to a maximum of €100,000 per person in any one or in each of the three stocks on offer open on Monday 11 th July 2022 at 8.30 a.m. and close at 2.30 p.m. on Wednesday 13 th July 2022; and Applications from wholesale investors in the form of sealed bids (auction) open at 8.30 a.m. on Friday, 15 th July 2022 and close on the same day at noon (CET). The application forms may be obtained from, and lodged at, all Members of the Malta Stock Exchange and other authorized Investment Service Providers on the indicated dates. Application forms may also be downloaded from the Treasury's website at www.treasury.gov.mt with effect from Friday 8 th July 2022. Bids on the prescribed forms are to be transmitted by e-mail at the e-mail addresses indicated on the application forms. The Accountant General announces the issue of €150,000,000 Malta Government in any one or any combination of the following three stocks: (iii) 3.40% Malta Government Stock (First Issue) maturing in 2042. The sum of money to be raised may be increased by an additional €100,000,000 in the event of oversubscription. stating that foreign forensic ex- perts had uncovered a reason to re-investigate, from scratch, whether the alleged $1 million payment to Egrant had truly taken place, due to the parallel accounting system used by Pi- latus Bank to carry out money laundering. A judicial review of the AG's decision not to prosecute was also requested in terms of the Code of Organisation and Civ- il Procedure, with Repubblika not ruling out taking court ac- tion in Malta and abroad should this not happen, in order to it be seen that everyone was equal before the law, "instead of the reign of impunity which the defendant is continuing to cul- tivate." The judicial letter comes two weeks after Repubblika filed challenge proceedings against the Commissioner of Police in which prosecutorial inaction against the persons identified for prosecution in the conclu- sions to an inquiry carried out by Magistrate Ian Farrugia. In the conclusions to the in- quiry, which are normally not released to the public, the mag- istrate had ordered the police to press charges against several Pilatus bank officials. This emerged two weeks ago, in a press conference held out- side court, when Repubblika president Robert Aquilina had revealed that through his own sources in his capacity as a no- tary public, as well as from in- vestigative journalist sources and local news reports, he knew that the inquiry's conclusions had ordered the prosecution of the owner and director of the defunct bank, Ali Sadr Hashem- inejad; its director, Hamid Reza Ghanbari; CEO Mehmet Taşlı, as well as accounting officer, acting MLRO and risk manag- er Antoniella Gauci, and Chief Operating Officer Rivera Luis Felipe, over breaches of the Pre- vention of Money Laundering Act, making false declarations to a public authority and partic- ipating in a criminal association with the intention to commit an offence which was punishable with more than four years im- prisonment. The inquiry, which conclud- ed last December, had also found documentary evidence showing trading in influence between Hasheminejad and Keith Schembri – former chief of staff and right-hand man to disgraced former prime minis- ter Joseph Muscat. The revocation of the Mal- ta-based private bank, contro- versial for its close association to members of the Azerbaijani ruling dynasty, came in March 2018 when owner Hashemine- jad was arrested in the U.S.A. But in an unprecedented turn of events, after first being found guilty by the New York court, the United States District Attor- ney filed a nolle prosequi, effec- tively throwing the sponge over a grievous error in withholding evidence from the Hashemine- jad defence team. The courts have since expunged the guilty verdict. The application comes less than a fortnight after Repub- blika filed challenge proceed- ings against the Commissioner of Police citing similar inaction against the individuals identi- fied for prosecution by the in- quiring magistrate. Asked during a press confer- ence outside court as to wheth- er there had been any develop- ments in this regard, Aquilina said that a sitting had been allo- cated in late October. This was unacceptable in such an urgent case, he said, adding that Repubblika would be re- questing the recusal of Magis- trate Nadine Lia, who was ap- pointed to preside the challenge proceedings. This would lead to even more delays, Aquilina said.