Maltese MEP David Casa has called on the Dubai-based Noor Bank to release identifying information on 17 Black’s Ultimate Beneficiary Owner.
David Casa stated: “The Dubai registered company 17 Black Limited was, and could possibly still be a client of Noor Bank. Accounts held by Noor Bank were used to receive funds suspected of being linked to criminal activity in Malta”.
Casa forwarded proof of transfers and leaked reports from Malta’s anti-money laundering agency.
“In April this year, world-renowned journalists published email correspondence with the notorious Mossack Fonseca indicating that 17 Black would funnel €150,000 monthly to Konrad Mizzi and another €150,000 to Keith Schembri. Konrad Mizzi and Keith Schembri are politically exposed persons at highest levels of the Maltese government. The only plausible explanation for these funds is criminal activity related to kickbacks from corruption”.
David Casa called on Noor Bank to:
- Publish any identifying information concerning the UBO of 17 Black and the transfers carried out through 17 Black;
- Cease any business relationship that could be ongoing, and;
- Ensure an investigation and criminal proceedings are launched in the UAE.
“The Maltese people have a right to know the origin and purpose of these transactions”, claimed Casa.