Two former employees of Charles Polidano, also known as Caqnu, together with a director of Newco Steel Ltd today pleaded guilty to defrauding, misappropriating and stealing over €300,000.

Richard Attard, 50, director of Newco Steel Ltd pleaded guilty to misappropriating €280,000, Duncan Cefai, 32, pleaded guilty to misappropriating to €39,000 and Charlene Pace, 24, to €37,000.

After taking into consideration the seriousness of the charge, Magistrate Anthony Vella granted Ms Pace and Mr Cefai bail against a personal guarantee of €10,000 each while Mr Attard was granted bail against a personal guarantee of €50,000.

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