Businessman Christian Borg, along with his companies and his partner Monique Mizzi, have been charged with money laundering and criminal association.

Borg, along with the companies Princess Construction Ltd, Princess Holdings Ltd, Princess Operations Ltd, Zing Rental Ltd, No Deposit Cars Ltd and Lion Funding Ltd, were also charged with tax evasion, making fraudulent profit to the detriment of the government, false accounting and other related offences.

They were charged under arrest by the police and the Attorney General’s Office following the conclusion of a magisterial inquiry by Elaine Rizzo.

The inquiry was requested by several clients of No Deposit Cars, who warned of several illegalities by the car trading company. They were represented by lawyers Jason Azzopardi and Kris Busietta.

They are pleading not guilty and were granted bail despite an objection by the prosecution. Borg was ordered to deposit €35,000 and provide a €60,000 personal guarantee, while Mizzi was ordered to deposit €15,000 and provide a €40,000 guarantee.