MaltaToday previous editions

MaltaToday 29 March 2023 MIDWEEK

Issue link:

Contents of this Issue


Page 0 of 15

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

Articles in this issue

Links on this page

Archives of this issue

view archives of MaltaToday previous editions - MaltaToday 29 March 2023 MIDWEEK