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€1.50 THURSDAY 22 JUNE 2023 • ISSUE 211 WWW.BUSINESSTODAY.COM.MT PAGE 5 PAGE 11 PAGE 3 Money laundering case against auctioneer linked to Hunter Biden is frozen pending UAE response Financial industry contributed €1.178 billion to economy in 2022, up 4.3% over 2021 Titan: Time running out for five crew on missing sub KURT SANSONE & MATTHEW AGIUS THE money laundering case against a Maltese auctioneer linked to Hunter Biden's Ukrainian troubles, remains in abeyance because the prosecution is still waiting for information from over- seas. The auctioneer Pierre Grech Cumbo Pillow and Jason Vella Tabone were charged in December 2020 and ac- cused of laundering "millions of euro". Charges were also filed against PGP Trading Limited, a company in which Vella was a director and Grech Cumbo Pillow a shareholder. But sources close to the case told BusinessToday that rogatory letters sent to the United Arab Emirates by the police more than three years ago have not yet been answered. As a consequence, Magistrate Donatella Frendo Dimech adjourned the case sine die. Grech Cumbo Pillow and Vella Tab- one denied the charges and pleaded not guilty. They were granted bail. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 21 June 2023 Number of Trades: 106 Turnover: € 1,780,550.53 MSE TRX Index: 7,738.21 Change: -0.765% Name: 3.65% MOF PLC MT0000211228 - Currency € Last Traded: 21 June 2023 Price 93.500 Change +1.200 US Dollar 1.0388 British Pound: 0.86477 Japanese Yen: 144.59 Australian Dollar: 1.5451 Swiss Franc: 0.98700 7,587.67 75.67 7,592.39 / 7,512.00 Value Net variation High / Low +1.01% T i m e t o m a k e t h e m o v e . JOIN JOIN TEAM TEAMFRANK FRANK As a property consultant, I get to fit my career around my life. The income potential is impressive, but what truly blew me away is the constant support I get. These guys have my back, no matter what. With their 50 years of experience, they know their stuff inside out. Choosing to be part of the Frank Salt Real Estate team has been a game-changer for me. It's your turn to make the move. Pierre Grech Cumbo Pillow (right) was linked this week to attempts that were made in Malta to open a bank account for Hunter Biden (left), US President Joe Biden's son, in 2016

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