April 11 2016
A Malta advisory firm began setting up Panama companies for senior members of Malta’s Labour Party five days after they won power in the March 2013 election, leaked documents of Panama law firm Mossack Fonseca show.
Panama Papers documents show a wider group of Maltese business figures who are regarded as allies of Prime Minister Joseph Muscat used offshore companies.
They include an invoice for close to $US1 million that Maltese businessman Pierre Sladden assigned to a British Virgin Islands company, Blue Sea Portfolio Ltd, last November.