A woman who lost all her life savings when she invested money into funds which failed, is accusing a financial services company of mis-selling the products and of tricking her into signing.

Veneranda Cassar and her late husband Emanuel deposited £70,000 (€88,200) and €175,000 in 10 funds.

In a judicial protest against MFSP Financial Management Limited and the Malta Financial Services Authority, the woman claimed that the company mis-sold the products following "aggressive sales pressure".

She claimed that the company gave her and her husband advice to invest in products which were meant for experienced and professional investors and which were not suitable and appropriate in her case.

Ms Cassar accused the company, and specifically financial advisor Lorraine Falzon, of gross negligence, breache of laws and financial services rules and deceit which saw her losing all the money they had acquired from the sale of a bakery they owned in Zabbar.

She therefore called on the company to pay her damages.

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