That he is associated with any number of short-lived companies is also presumably highly relevant,” the report states.įormer Prime Minister Joseph Muscat, former Energy Minister Joe Mizzi and Economy Minister Silvio Schembri at the unveiling of the Streamcast data centre in April 2018 the costs of which were never paid.
“There are other warning signs to suggest an associate should be cautious in its dealings with him, not least the 2009 arrest of an individual who fits his exact profile.
The due diligence report on the man behind the Streamcast deal had warned Malta Enterprise to remain vigilant when dealing with Sabale. Brian Tonna’s company was involved through a company called Capital Knight Ltd, now one of the companies listed in the court order issued on Monday freezing the assets of senior people in Tonna’s Nexia BT and Keith Schembri and their close relatives together with associated companies, on suspicion of money laundering. It was also revealed that Nexia BT, the firm that set up the Panama companies for Konrad Mizzi and Keith Schembri, was also involved in setting up Streamcast Group’s venture in Malta. Investigations by The Shift had revealed that the agreement with Streamcast not only failed to produce a multi-million euro investment in Malta, but left a trail of debt and empty promises.
Harsh Sabale’s posts on Instagram at the time the Streamcast deal was negotiated.
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