Ċaqnu And Son Released On Police Bail Following Questioning Over Suspected Money Laundering

Charles Polidano, the construction magnate known as Iċ-Ċaqnu, and his son, Gordon, have been released on police bail after being arrested and questioned over suspected money laundering and corruption.

The pair were arrested at Polidano’s home on Friday and taken for questioning at the police’s Financial Crime Investigations Department (FCID).

Times of Malta have reported that Ċaqnu is suspected of having corrupted a senior official at a large entity through the sale of a property, but has now been released following questioning.

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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