Page 38 - Matthew Pace News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Updated on 26/04/2021 at 18:57 By means of a decree of the Court on 13 April 2021 relating to Zenith Finance Limited (‘Zenith Finance’), Hector J. Spiteri was appointed as administrator of Zenith Finance to take control of the business of Zenith Finance as well as to preserve all the assets of Zenith Finance, the MFSA said in a notice, Zenith was in the news recently as Zenith Finance’s Matthew Pace and Lorraine Falzon were charged with, amongst other things, money laundering, when police arraigned a total of 11 people – including former OPM chief of staff Keith Schembri. As a conseq...

Stephen Paris, appointed by MFSA last month to run Zenith Finance has been replaced by court-appointed administrator Hector Spiteri. In March the Malta Financial Services Authority suspended the operations of Zenith Finance Limited and Zenith (Tied Insurance Intermediary) Limited after its owners Matthew Pace and Lorraine Falzon were granted bail over money laundering charges. The two, along with their advisory firm, previously known as MFSP, have been charged with a slew of other financial crimes on Saturday. Their case is linked to alleged graft involving former OPM chief of staff Keith Sch...

ERA gives clearance for DB project  Authority will propose permit conditions related to protection of Wied Ħarq il-Ħammiem cave 23 April 2021, 3:58pm by James Debono The DB Group’s City Centre’s project, now consisting of two 17 storey towers and a 12-storey hotel, has been given the clearance of the Environment and Resources Authority (ERA) board. ERA chairman Victor Axiak had already voted for the project in 2018 when the project consisted of a 38 storey tower and a 17 storey high hotel.    Axiak, who is now facing calls for resignation by Environmental NGOs, had justified his vo...

COVID closed one in five restaurants, ‘owners suffering from mental health issues’ Association wants restrictions removed, vouchers reinstated and wage supplements running till the end of 2021 16 April 2021, 11:57am by Matthew Vella The Association of Catering Establishments has claimed one in five restaurants has shut down under pressure of the latest COVID-19 public health restrictions. Restaurants and bars were forced to keep their doors shut to the public except for delivery and take-away services, after Malta experienced a heightened increase in second-wave infections back in March....

Nexia BT managing partner Brian Tonna and three other associates were granted bail on Tuesday by a court hearing criminal charges against them.  Tonna, his fellow Nexia BT partners Karl Cini and Manuel Castagna, and office manager Katrin Bondin Carter face charges of money laundering, forgery and other crimes in relation to inquiries into former OPM chief of staff Keith Schembri. They are all pleading not guilty.  The court’s decision to allow them to walk free while proceedings against them continue means that each of the 11 people arrested and charged in the wide-ranging criminal invest...