“Dismiss MFSA Chairman over ties with Fenech” – PN

Joseph Cuschieri MFSA Yorgen Fenech

Tista' taqra bil- Malti.

The Nationalist Party (PN) is calling on Prime Minister (PM) Robert Abela to dismiss the Malta Financial Services Authority (MFSA) chairman Joseph Cuschieri, following the revelation that he travelled with Yorgen Fenech in 2018 as his consultant.

This was revealed by the Times of Malta.

The party stated that the last thing Malta needs now is a shadow over the regulator, describing this news as another hit to Malta’s reputation. The party demanded that the PM declare when he came to know of this trip, and that he request all chairmen of public entities to declare conflicts of interest as it may impede their work.

The Times of Malta stated that Cuschieri confirmed that he did go on a trip to Las Vegas with Fenech, but that he went on the trip at a time when he had left the MGA. Therefore, he was invited on the trip to advice on regulatory matters as the former regulator of the gaming sector.

The MFSA told Newsbook.com.mt that Cuschieri has nothing to add to what he has already told journalists.

Fenech is accused of being involved in the assassination of Daphne Caruana Galizia.

“Cuschieri is President George Vella’s son-in-law; an embarrassing situation” – Cassola

Independent candidate Arnold Cassola pointed out that Cuschieri is President George Vella’s son-in-law. He queried whether this case will have serious implications for the Head of State.

In a statement, he outlined how the Times unveiled two cases that “continue to prove how Maltese institutions are strongly influenced by Yorgen Fenech and his cronies”. The first is Cuschieri’s trip with Fenech.

The second is the fact that the present Malta Gaming Authority CEO, Heathcliff Farrugia, was found to have communicated “at some length” with Yorgen Fenech. According to Cassola, sources are saying investigators had flagged “suspicious communication” between the two men.

Today’s revelations during the public inquiry into Daphne Caruana Galizia’s assassination
Criminal investigations from Fenech’s chats are underway, confirms Assistant Commissioner Mamo

Today’s revelations during the public inquiry into Daphne Caruana Galizia’s assassination concerned Yorgen Fenech’s chats. These are being analysed and discussed with the Police Commissioner, and a number of criminal investigations have been opened and are underway due to these chats.

Heathcliff Farrugia resigns from MGA

According to a statement issued by Government, Farrugia will not be renewing his contract at the MGA. Furthermore, the MGA’s chief officer for authorisations Karl Brincat Peplow is also expected to seek new ventures.

The duration period of when their contracts end shall be determined by the MGA Board in the coming weeks.