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MALTATODAY 16 October 2022

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TRUTH IS OF NO COLOUR WWW.MALTATODAY.COM.MT SUNDAY • 16 OCTOBER 2022 • ISSUE 1988 • PUBLISHED EVERY WEDNESDAY AND SUNDAY maltatoday FIVE YEARS, DAPHNE How minister delegates Labour populism to the social media pages PAGE 10-11 #BEMORE #BEFRANK JOIN OUR TEAM Racism PAUL COCKS A state agency that disburses Malta's golden passport cash funds, is objecting to plans by Lombard Bank – in which it acquired a 49% stake – for a new share issue that would dilute the State's interest. The National Development and Social Fund (NDSF) ad- ministers the receipts of Mal- ta's citizenship-by-invest- ment programme, which it disburses as grants or invests in blue-chip stocks. In 2018 the posterity fund acquired a 49% equity in the private Lombard Bank – val- ued at just over €51 million – to facilitate the exit of the now-defunct Cyprus Popular Bank. The move was intended at safeguarding the domestic position of Lombard Bank, which is the owner of Malta's major postal service, Malta- post. €1.95 PM's hush-hush showdown with Labour pundit MATTHEW VELLA THE Labour Party's ra- dio darling Emanuel Cuschieri fell out of fa- vour with the party's top brass, after twice meet- ing party leader Robert Abela at Labour HQ in Ħamrun over his gener- ous loyalty to predeces- sor Joseph Muscat in his One Radio shows. Cuschieri met the prime minister twice at Labour's Mile End head- quarters before his dec- ades-old programme was axed, in which the radio presenter was told off about his frequent defence of Muscat on his radio show. Cuschieri, a one-time party executive mem- ber from the Sant years, has been a Labour radio mainstay with his hour- long polemic propping up Labour policies and politicians, nurturing an audience of loyal La- bour voters. PAGE 4 State bid to stop Lombard Bank share issue PAGES 14-15 Government-owned 'golden passport' fund has told Lombard it is objecting to a planned share issue that would dilute its strategic 49% stake in the private bank American courts green-light Malta request for crypto subpoenas PAGE 6 'Dark Web' probe CONCRETE: THE COST Concrete plants taking 400 million litres of ground water: free PAGES 2-3 The murder that stains a nation's soul PAGES 14-15 PAGE 4

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