Maltese Prime Minister Joseph Muscat says name cleared in Panama Papers probe

He said a judicial investigation running to 1,500 pages showed former opposition leader "Simon Busuttil has thrived on a lie in a bid to win power."

Published: 22nd July 2018 09:46 PM  |   Last Updated: 22nd July 2018 09:46 PM   |  A+A-

Malta Prime Minister Joseph Muscat (Photo | AP)

VALLETTA: Maltese Prime Minister Joseph Muscat said Sunday a year-long inquiry into allegations of financial wrongdoing linked to the Panama Papers scandal had cleared him.

Muscat called a snap election last year  -- which he won comfortably -- after he and his entourage, including his wife Michelle, were accused of owning a company mentioned in the papers.

"Today, justice has been served," a visibly emotional Muscat told a press conference.

He said a judicial investigation running to 1,500 pages showed former opposition leader "Simon Busuttil has thrived on a lie in a bid to win power."

The extent and depth of #Egrant inquiry conclusions leave no doubt. @SimonBusuttil tried to loot the country through one big lie on #Malta’s PM @JosephMuscat_JM. Tale of falsified documents, lies, deceit now CERTIFIED by independent magistrate Aaron Bugeja. Own up @SimonBusuttil

And Muscat said that "the only honourable thing for (Busuttil) to do is resign from all his positions, including as MP."

The year-long probe was conducted by judge Aaron Bugeja and its conclusions were published a day after the report had been passed on to the attorney general. 

The inquiry also did not find any evidence that Muscat, his wife, his close aide Keith Schembri, Tourism Minister Konrad Mizzi, or former European Commissioner John Dalli were involved in money laundering or suspicious financial transactions involving holders of bank accounts in Azerbaijan via Pilatus Bank.

The allegations had been made on the blog of slain investigative journalist Daphne Caruana Galizia, killed by a car bomb last year.

After winning the election, Muscat had promised to resign if the probe showed there was an "ounce of truth" in the allegations. 

Malta's financial services watchdog froze the assets of Pilatus Bank and removed the bank's chairman Ali Sadr Hashemi Nejad in March, three months after three people were charged in connection with Caruana Galizia's death.

Stay up to date on all the latest World news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp