Ċaqnu And Son Face Another Round Of Police Interrogations As Money-Laundering Probe Intensifies
Charles Polidano, the construction magnate known as Iċ-Ċaqnu, along with his son, Gordon, have faced another round of police investigations as part of a deepening money laundering probe.
After being interrogated on Thursday, the pair now await further questioning on Friday by Malta’s Financial Crime Investigation Department (FCID).
They were previously arrested at Polidano’s home on 30th June, and taken for questioning at the same department. They were later released on police bail.
Times of Malta has reported that police are currently investigating a lucrative contract he won in 2014 – one that saw his company carry out works at the Freeport.
Allegedly, the property transferred from Ċaqnu to then-Freeport chief executive Alex Montebello was done at a suspiciously low price. It was also reported that Montebello, who is now the CEO of Malta Freeport Terminals, has not been reporting for work.
Polidano, one of the wealthiest men in the country, is the General Manager of one of Malta’s leading construction firms – the Polidano Group. The group is regularly involved in major national infrastructure projects.
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