Malita Investments plc, the beleaguered government financial vehicle used to fund various social accommodation projects, has ousted a company that won a €4.3 million tender for a delayed project in Bormla and replaced it with a new company formed by Gozitan construction magnates Joseph Portelli and Mark Agius, known as Ta’ Dirjanu. Investigations by
Former Labour MEP Marlene Mizzi put the blame squarely on Minister Roderick Galdes for the financial disaster at Malita Investments plc, a public-listed company that is responsible for developing social housing units. But Mizzi accused Galdes of far worse than rank incompetence. She accused him of “interference in the workings of a plc” and “hobnobbing
Malta’s state-backed Malita Investments has yet to explain why a €22 million European Investment Bank (EIB) loan, agreed in March last year, remains undisbursed, even as the company announced this week that it was to seek further credit from local lenders. In a statement on Thursday, Malita admitted that three of its projects were on hold while it
The crisis at Malita Investments continues to deepen, the Nationalist Party said in a statement. The PN reiterated its "serious concern" regarding the escalating crisis at Malita Investments plc, a company in which the Government holds a majority shareholding. "Regrettably, this entity has increasingly become a symbol of financial failure and political