PN convenes parliamentary group meeting to discuss Montenegro Scandal

Tista' taqra bil- Malti.

Partit Nazzjonalista will convene its parliamentary group to discuss the latest developments in relation to the Montenegro scandal.

Murder suspect Yorgen Fenech made millions through his Dubai-based company, 17 Black, when Enemalta acquired a Montenegrin wind farm project.

Opposition Leader and Partit Nazzjonalista leader announced that the parliamentary group will convene for an urgent meeting on Sunday during Net News.

A joint investigation by Reuters and Times of Malta has shed light onto the role of 17 Black in this particular deal, involving a company named Cifidex received a transfer of €3 million from 17 Black. Cifidex then used this money to buy shares from Fersa Renovables, a Spanish consortium that had been given the concession to run the wind farm by the Montenegro government in 2010.

A few days later Enemalta bought the same shares for trice the price – Euro 10.3 million – a few days later. By June 2016, Cifidex had sent back to 17 Black the original €3 million along with an additional “profit” of at least €4.6 million.

Fenech stands accused with being an accomplice in the murder of journalist Daphne Caruana Galizia.