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MaltaToday 29 March 2023 MIDWEEK

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WWW.MALTATODAY.COM.MT WEDNESDAY EDITION €1.00 WEDNESDAY • 29 MARCH 2023 • ISSUE 837 • PUBLISHED EVERY WEDNESDAY AND SUNDAY EDITORIAL • PAGE 11 PAGE 3 PAGE 5 Schembri's Midas touch: 'Mizzi wanted Panama company just like me' MATTHEW VELLA THE eminence grise to the Muscat ad- ministration, former chief of staff Keith Schembri, made a rare public appear- ance today at the parliamentary Public Accounts Committee, where he testi- fied on the €200 million contract to the Electrogas consortium, on request of the Opposition, which chairs the PAC. The man who stood by the side of Jo- seph Muscat in 2013 to clinch Labour's election appeared burdened by his ad- missions of ill-health, the lack of vitality maybe apparent in the tone of his voice. But the wan Keith Schembri was com- bative on most of the question asked by the Nationalist MPs. Ryan Schembri committed fraud with €3.5 million debt constitution, court rules MATTHEW AGIUS A civil court has declared that the for- mer boss of More Supermarkets, Ryan Schembri, had fraudulently bound the company with a €3.5m contract for constitution of debt, at a time when he no longer legally represented the super- market chain. Schembri, cousin to former OPM chief of staff Keith Schembri, had fled the coun- try in 2014 with a reported €40 million in debts left behind from the More Super- markets crash. He is believed to have bor- rowed large sums of money from entre- preneurs, before finding he was unable to pay back the loans, originally intended for an ambitious import-export operation. Former supermarket director used two alleged lenders to bind new owner with €3.5m debt that did not exist Former right-hand man to Joseph Muscat testifies in public accounts committee on his Panama company and role in Electrogas selection Keith Schembri

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