Gasan Group categorically denies any link to secret company Macbridge

Gasan Group says it never had any connection with Macbridge and no knowledge of who owns it

Gasan Group claims it first learnt of the existence of MacBridge when it was named
Gasan Group claims it first learnt of the existence of MacBridge when it was named

Business organisation Gasan Group has categorically denied any links to secret and elusive company Macbridge. 

Speaking to MaltaToday, Gasan Group has claimed to not having any knowledge of the company.

"The Gasan Group and all involved within it have no knowledge of, or connection with, Macbridge and no knowledge regarding who owns or controls Macbridge and have never had any relationship with the company. The group first learned of its existence when its name became public," it said.

Nationalist Party MP Jason Azzopardi made vague references to Gasan Group in two separate Facebook posts. "Do you know anything, Mr Gasan?" he wrote.

Macbridge, along with 17 Black, owned by Yorgen Fenech, has been listed as a target client for Panama companies Tillgate and Hearnville, owned by the Prime Minister's chief of staff Keith Schembri and Tourism Minister Konrad Mizzi respectively.

Schembri had admitted having a business plan with 17 Black and Macbridge but nothing came of the arrangement. Mizzi had said that Hearnville was just a company with no assets, which he intended for to use for his family fortune.

A leaked email, however, revealed that both Panama companies would be paid €150,000 in monthly installments.

Fenech, who is now named as a "person of interest" in the Daphne Caruana Galizia murder investigation never denied owning 17 Black.

Fenech was one of three directors of Electrogas, the operator of the Delimara LNG power station. Fenech resigned the post just before he was arrested. Electrogas is owned by three companies: Siemens, Socar, and GEM Holdings, a Maltese business conglomerate.

GEM Holdings is made up of the Tumas Group, formerly fronted by Fenech, the Gasan Group, a company owned by the Apap Bologna family, and a company wholly owned by Yorgen Fenech.

The owner of Macbridge is still a mystery.