Progress Press officials made no personal financial gain – police
Two Progress Press officials facing fraud and money laundering charges made no personal financial gains from the allegedly fraudulent application filed for a grant from Malta Enterprise, a police inspector testified on Monday. Leanne Bonello, from the police anti-money laundering squad, told the court that after carefully analysing financial statements belonging to Progress Press managing director Michel Rizzo and former financial controller Claude Licari, the police found nothing to prove any financial gain. She explained how in Rizzo’s case, there was a €4,500 incoming transaction whi...
Source: timesofmalta.com