Malta scandal exposes New Zealand trusts again

An activist clutching a suitcase stuffed with fake money demands greater transparency in financial legislation following ...

An activist clutching a suitcase stuffed with fake money demands greater transparency in financial legislation following the Panama Papers revelations.

A Malta magistrate is investigating explosive claims of money laundering and corruption that have put New Zealand in the middle of a global cash trail from the family of Azerbaijan president Ilham Aliyev.

President Aliyev’s daughter, Leyla Aliyeva, is alleged to have channelled more than NZ$1.6 million to senior figures of the Malta government, including Prime Minister Joseph Muscat’s wife.

These include alleged payments to Panama companies owned by New Zealand trusts set up by the Malta Energy Minister Karl Mizzi and Muscat’s chief of staff, Keith Schembri.

The daughter of Azerbaijan's President, Ilham Aliyev, is alleged to have channelled more than NZ$1.6<p>... read more at: <a href=http://www.stuff.co.nz/business/world/91999096/malta-scandal-exposes-new-zealand-trusts-again

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