Daphne Project: BVI investigated companies set up by Nexia BT for Maltese clients

The British Virgin Islands’ Financial Investigation Agency (FIA) was investigating four companies set up by Nexia BT, through the corporate service provider Mossack Fonseca, back in 2016, according to the latest revelations from the Daphne Project.

Correspondence between the FIA and Mossack Fonseca just after the Panama Papers were published shows the agency requesting information on the companies Willbery Trade Inc., Colson Services Limited, Selson Holding Corp., and Lester Holdings Group Ltd.

The companies are owned by Nexia BT managing partner Brian Tonna, OPM chief of staff Keith Schembri, his business associate Malcolm Scerri, and former Allied Newspapers managing director Adrian Hillman respectively.

When MaltaToday contacted Tonna regarding the investigation, and asked what the purpose and outcome of the investigation was, and whether other companies set up by Nexia BT were investigated following the Panama Papers leak, Tonna said he found out about the probe through this morning’s media reports.

“Prior to the publication

... read more at: http://www.maltatoday.com.mt/news/national/86714/daphne_project_bvi_investigated_companies_set_up_by_nexia_bt_for_maltese_clients