Joseph Muscat has said he “has nothing to hide” after his successor Robert Abela urged the police to investigate a scandal involving Enemalta’s purchase of a Montenegrin wind farm.
“I followed the developments about the Montenegro project and have already answered journalists’ questions in this regard,” Muscat said on Facebook, his first public post since resigning as Prime Minister earlier this year.
“I said that this information is completely new to me, and this can be verified.”
“I declare my absolute willingness to cooperate with the police by giving them all information they need and answering any question they might have. I have nothing to hide.”
Reuters and Times of Malta revealed today that Cifidex, a company which Reuters said is owned by Azeri national and former Electrogas director Turab Musayev had bought the Montenegrin wind farm for €2.9 million after receiving a loan from Fenech, and had sold the farm to Enemalta for €10.3 million two weeks later.
Cifidex then repaid Fenech the loan, along with a further €4.6 million, with the money passing through Fenech’s company 17 Black, which was identified by financial services firm Nexia BT as a target client of Mizzi’s and Schembri’s Panama companies.
Musayev has denied any wrongdoing and has said he had no reason to suspect Fenech had any involvement in Caruana Galizia’s murder.
He said Cifidex had its own independent management and that his business with Fenech involved due diligence from reputable and established bankers, accountants and lawyers.