Jean Claude Bugeja has been made to resign as director of Maltese Cross Financial Services pending an investigation by the Malta Financial Services Authority.

The authority found the company was unable to meet its obligations due to reasons directly related to its financial circumstances. The authority had received complaints from investors. The MFA directed Mr Bugeja to desist from providing any financial services and from carrying out any functions within the firm.

Investors will be advised as to how they may apply for compensation.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.