Egrant Inquiry Report Publication – Review

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PN and Opposition Leader Adrian Delia said that in agreement with the members of parliament, he will be publishing the Egrant report in its entirety.

Delia said that having reviewed the voluminous document together with the members of parliament, he was surprised at the information which it contained which was both important and not yet in the public domain. Delia described the information as potentially of criminal nature.- Newsbook

The 1,500-page inquiry had ordered the police to investigate Nexia BT partner Karl Cini for perjury, Egrant whistleblower Maria Efimova for calumny and Pilatus Bank’s operations for money laundering.  Times of Malta 

Inquiry Report can be accessed here 

Main Details:

  • Inquiry didn’t establish that Egrant was owned by Joseph or Michelle Muscat
  • A proposal for a mystery entity “to promote and manage investment” between Malta and China but controlled entirely by an obscure offshore structure was uncovered as part of the Egrant inquiry.  The company was meant to be set with a person, that could be former Minister Konrad Mizzi’s wife. 
  • Mizzi Reacts 
  • The Commissioner of Police should investigate the discrepancies in the testimonies of Karl Cini, Nexia BT partner, as it appears that he may have falsely testified (perjured), the Egrant inquiry report recommends.
  • Keith Schembri had told magistrate Aaron Bugeja that Daphne Caruana Galizia “crossed the limit” when she wrote about his health problems.
  • Simon Busuttil reacts saying that he didn’t falsify signatures.
  • The government had not published the Egrant inquiry conclusions in full in July 2018, leaving out significant details that appear in the last pages of the 1,500 page document.

Stories:

A proposal for a mystery entity “to promote and manage investment” between Malta and China but controlled entirely by an obscure offshore structure was uncovered as part of the Egrant inquiry.

According to a section of the 1,500-page inquiry report, which is based on an analysis by forensic accountant Miroslava Milenovic, communication that was reviewed uncovered a close relationship between former minister Konrad Mizzi, accountant Brian Tonna, former chief of staff Keith Schembri, and Cheng Chen of Shanghai Electric Power, the company which acquired a €320 million stake in Malta’s national energy corporation.

In the correspondence reviewed by the forensic accountant, a Public Private Partnership called ‘MACffiN’ was agreed to be set up as an entity for promotion of investment between China and Malta.  While this would be registered in Malta it was also agreed that this would be “100% controlled by a holding company based in the British Virgin Islands”.

This entity would be authorised by the Maltese government as the only Maltese representative investment promotion agency in China. It was also stated that this would be set with a certain person named ‘Sai’. This, the report says, could be Dr Mizzi’s wife Sai Mizzi Liang.

Read more Times.

Inquiry Report can be accessed here 

Mizzi Reacts:  In a reaction, former Tourism Minister Konrad Mizzi said he was satisfied that the inquiry report confirmed that he never had accounts at Pilatus Bank, never received funds from Azerbaijan, and never committed money laundering.

“The Egrant Inc Inquiry report refers to a proposal for a Public Private Partnership received by the Government of Malta in 2014 from a Chinese national who, at the time, worked as a consultant with expertise in commerce and investment from China. This was a proposal for cooperation with the Government of Malta for the creation of an entity to be registered in Malta, which would serve as a catalyst for Chinese investors,” Mr Mizzi said.

Inquiry Report can be accessed here 


Former OPM chief of staff Keith Schembri had loaned €100,000 to Nexia BT director Brian Tonna, The report says that a  loan agreement between Mr. Keith Schembri and Mr. Brian Torma dated 12th March 2015 has been identified (document reference: Box B Nexia, Dok YF14). The Lender Mr Keith Schembri has advanced to the borrower Mr Brian Torma a loan amounting to EUR 100.000 for the assistance during separation proceedings of the Borrower. The due day is not specified, and it is also stated that loan is accepted but without reference or proof that loan was paid. –

Read More – Malta Independent 

Inquiry Report can be accessed here 


The Commissioner of Police should investigate the discrepancies in the testimonies of Karl Cini, Nexia BT partner, as it appears that he may have falsely testified (perjured), the Egrant inquiry report recommends.

Read More – Malta Independent 

Inquiry Report can be accessed here 


Keith Schembri had told magistrate Aaron Bugeja that Daphne Caruana Galizia “crossed the limit” when she wrote about his health problems.

It can be on the record or off the record. You’re asking me about this article writer, I think this person has caused a lot of harm to my personal life and my family life,” Schembri said. “Everyone knows that I have health problems, and she invented a condition, made my family crazy. I was going to America for treatment and she provided my date of death without even… I am living proof of her lies, you see. I don’t think it’s right, as in the data protection commissioner forced her to delete the claim that I have an inoperable eye tumour from her site or pay €2,500 and €250 a day… and the article is still online, you see.”

“It’s not because I want to squabble, I don’t mind, but she has crossed the limit. At the worst time of my life, it wouldn’t even have crossed my mind… I was at a clinic in America, going for a PET scan, I had to wait for half an hour and I saw a comment ‘make cancer bring him down’. I have no respect….I dont know how to hate but I have no respect for people like that and I think I am currently responding to a frame-up (montatura).”

“She’s been lying about me for weeks, a year, a year and a half and I promised myself that I wasn’t going to sue her for libel. However, last week I opened two libel suits against her. It can’t go on like this. There’s a difference between subjective opinions about a person and this impacting your family. When your 13-year-old daughter approaches you and says ‘Daddy, they said you’re going die at school’ and you don’t know how to respond… I feel hurt that I am here today responding to these allegations.

Read more – Lovin Malta 

Inquiry Report can be accessed here 

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