‘Funds should have never been allowed to leave Pilatus Bank’ – EPP

MEP Head of Delegation MEP David Casa said: “It is clear now that these funds are possibly the proceeds of criminal activity and must be investigated”.

Casa has written to over 50 Financial Intelligence Units requesting an investigation into:

• Purchases of assets in their jurisdiction with funds originating from Pilatus Bank;
• Funds transferred through entities in their jurisdiction that originated from Pilatus Bank;
• Any future transfers of funds of which they become aware that will originate from Pilatus Bank;
• Transfers that involve Brian Tonna and his firm Nexia BT.

Casa made reference to evidence contained in leaked reports from Malta’s anti-money laundering agency as well as the recent revelations of the Daphne Project that show the extensive operations of Pilatus Bank in handling funds belonging to the Azeri ruling family, Maltese Politically Exposed Persons (PEPs) and the complicity of Nexia BT.