Mizzi declares his offshore Panama company in Parliament

Energy minister includes his acquisition of a Panama-registered company and its settling into a New Zealand trust in his ministerial declaration of assets

Energy and health minister Konrad Mizzi has declared ownership of his offshore Panamanian-registered company in Parliament.

In his declaration of assets – that was tabled in Parliament today along with those of his fellow ministers and parliamentary secretaries – Mizzi said that he “acquired the company [Hearnville Inc] and settled it into a newly-created trust in New Zealand [Rotorua].”

He declared an income of €70,325, down from €76,000 last year, and €389,440 in bank deposits, up from €310,279 last year.

As was the case last year, Mizzi also declared ownership of an apartment in Sliema and a house and garage in London. He also declared ownership of 4,000 shares in the Malta International Airport.

Prime Minister Joseph Muscat declared his house in Burmarrad, his salary and €73,000 in bank deposits.

Gozo minister Anton Refalo declared whole or partial ownership in 16 properties, seven fewer than he had declared last year.

Civil liberties minister Helena Dali declared shareholding in four trading companies, two non-trading companies, and four companies currently in liquidation.

 

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