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BOV Chairman Gordon Cordina says €182.5m settlement will release funds forfeited under precaution security and will leave bank ‘in a better place’ to issue dividends to shareholders
Prison sentence for Malta Falcon Funds fraudster in Sweden Falcon Funds fraudster convicted six years nine months in case that cost Bank of Valletta €29.5 million settlement 12 March 2021, 6:25am by Matthew Vella A Swedish court has sentenced two men to six years, nine months in prison for having defrauded a Maltese pension scheme that lost millions in Swedish savers’ money. Max Serwin, who operated in Malta under the alias of Emil Amir Ingmanson, and co-conspirator Afram Georgo, misappropriated the savings in Falcon Funds to turn them into suspicious ‘loans’ to other Swedish compan...