Nexia BT Partners Donate Panama Libel Damages To Bjorn Formosa’s Charity
Left: Nexia BT partner Brian Tonna, Right: ALS activist Bjorn Formosa
Two partners of financial advisory firm Nexia BT have donated €3,000 they won from a recent libel case to the charity of ALS activist Bjorn Formosa.
Brian Tonna and Karl Cini had sued The Malta Independent for libel last year over a report claiming that Nexia BT had sent Panamanian law firm Mossack Fonseca falsified HSBC reference letters when trying to set up a company for the Prime Minister’s chief of staff Keith Schembri.
The report focused on how the reference letters bore the name of a closed-down HSBC branch, an issue the bank insisted was down to an administrative error.
Magistrate Francesco Depasquale ruled in favour of Tonna and Cini, as well as Schembri and Kasco Ltd managing director Malcolm Scerri who had also sued for libel, ordering the paper to fork out a combined €8,000 in damages.
Right after winning the case, Tonna and Cini confirmed they had donated their damages of €3,000 to Bjorn Formosa, who is raising funds to construct a home for patients with neurodegenerative problems.
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