Nexia BT advised consortium bidding for White Rocks

Nexia BT, whose name surfaced in the Panama Papers and in reports by the government’s anti-money-laundering agency, were engaged for financial assistance and advice by the White Rocks Development Consortium in their bid for the prime site.

Sources close to the consortium, negotiating a concession for 450,000 square metres of public coastal land with the government to be turned into luxury villas and a hotel, said yesterday the audit firm Nexia BT had prepared the financial parameters for the bid. It was also advising consortium members.

The consortium is expected to sign an agreement with the government for the development shortly.  

Watch: White Rocks complex ‘will not be overbuilt’ 

Details that have emerged over time indicate Nexia BT managing partner Brian Tonna enjoys very good relations with the top echelons of the government, particularly the Prime Minister’s chief of staff, Keith Schembri.

Apart from acting as auditor for Mr Schembri’s private group of

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