The PN have announced a scheme through which investors who wish to help the PN raise money to pay its very considerable debts running into millions, can do this by lending €10,000 to the PN at an annual compounded interest of four per cent. Both the capital and interest accrued is supposed to be paid back when the 10-year periodis up. I believe that this scheme is an attempt to circumvent the party financing law which has been passed in Parliament very recently. The reason being that under this law only "donations" of a certain amount of money (above €7,000) must be registered and the names... This article is part of our premium content. Full story is available on Times of Malta Premium.
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Thursday, March 31, 2016
Is the scheme transparent?
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