Corruption throwing Malta into the Fire by COSIMO
If you wanted further evidence that Malta's dysfunctional government is totally corrupt, consider this: After a two-year investigation costing more than seven million five hundred thousand Euros, and after a confidential report was released last December recommending that the responsible officers and directors be charged with money laundering, and after a senior police official stated months ago that arrests were imminent, nobody has been arrested or charged, nor will there be.
If the Pilatus Bank directors are charged, then they will surely finger the senior Maltese government officials who received bribes to grease and fast-track the bank license approval, and more bribes to insure that regulators ignore the rampant money laundering, and still more bribes to allow certain Politically Exposed Persons (PEPs) from abroad to place funds diverted from governments they allegedly served into the bank.
In short, if Pilatus Bank officers and directors were ever arrested, so would several members of the present, and immediate prior, governments, all the way up the chain of command to the top. That is why there is no justice in Malta, and the money launderers from Pilatus Bank remain free to do it again somewhere else.
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