The Opposition has hit out at Finance Minister Edward Scicluna for having failed to denounce minister Konrad Mizzi and chief of staff Keith Schembri when questioned by the press.

"Minister Edward Scicluna is putting the interests of the government before the interests of the financial services sector and before the national interest, at the time when Malta's reputation as an international financial jurisdiction with good reputation is being eroded," Mario de Marco, shadow minister of finance and Kristy Debono, shadow minister on the economy, said in a statement

"This erosion of the financial services sector is caused Joseph Muscat's decision to retain Konrad Mizzi and Keith Schembri despite revelations that they set up financial structures in Panama and New Zealand soon after Labour coming to power in 2013. These structures were set up to receive funds from 17 Black, which in turn received €1.3 million from the company that operates the LNG tanker that services the new power station and from an Azeri company," they said.

The possibility of money laundering in these payments was also highlighted in an FIAU report.

"Instead of following up on the conclusions reached in the report, the FIAU, which then formed part of Minister's Edward Scicluna ministerial portfolio, fired Jonathan Ferris the FIAU officer that drew up the report. Minister Scicluna has avoided giving clear answers on his involvement in this dismissal, except for the statement that in his view, certain FIAU reports were written to be leaked," the shadow ministers observed.  

Prof Scicluna was asked by the press to give his views about Konrad Mizzi, Keith Schembri and Pilatus Bank.

"Minister Scicluna was offered another opportunity to denounce outright and to call for the immediate sacking of Konrad Mizzi and Keith Schembri. Minister Edward Scicluna chose to hide behind the ongoing investigations which will not and cannot determine political responsibility. By refusing to call for their resignation despite the most recent revelations, Minister Edward Scicluna has aligned himself with them in defiance of the national interest," the shadow ministers said.

 

Mario de Marco

Opposition Spokesperson for Finance

 

Kristy Debono

Opposition Spokesperson for Economy, Financial Services and Innovation

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