The Malta Independent 24 April 2024, Wednesday
View E-Paper

Ministers submit declaration of assets to Parliament

Malta Independent Wednesday, 17 July 2013, 20:28 Last update: about 11 years ago

Cabinet Ministers and parliamentary secretaries this evening submitted their declaration of assets to Parliament.

They are as follows:

PRIME MINISTER JOSEPH MUSCAT

Residence in Burmarrad.

Bank deposits €70,000

Directorships or other appointments - Honorary president St Gaetan Band Club, Hamrun.

Income 2012 - €42,075.

DEPUTY PRIME MINISTER LOUIS GRECH

Residential property in Swieqi; unconverted residential property in Zebbug (Malta).

16242 BOV shares, MSV Life Flexplan €30,606.

Shares - 1999 Ltd 500 shares. MSV Life single premium €78,000

La Valette Bond Fund €102,355

Middlesea Insurance ordinary shares 2,500.

FEV Electonic Ltd 400 shares (dormant) 12,400 BOV Plc. Subordinated bonds 2020.

Deposits with local banks - Current accounts €4,214. Savings - €11,213. One year term - €87,154. BOV fidda account €20,000

Income for 2012 up to 13 March - MEP salary and allowances, Malta government pension

HOME AFFAIRS MINISTER EMANUEL MALLIA

Property - 25% of an inheritance from parents consisting of rents, ground rents and properties. 19 Windmill Street, Valletta, Villa in Sannat, three flats in Msida, property in Msida Seafront, 25% undivided share of land at Burmarrad, 50% share in a property in Romania.

Investment grade bonds- €1,138,909.05

Non-investment grade bonds - €57,406.16

International equities - €15,765.49

Securities - €59,674.57

Money in banks - BOV - €203,056.48; €70,000 bank account, €495,000 cash.

Loan BOV - amount to be disclosed later.

PUBLIC DIALOGUE MINISTER HELENA DALLI

Property in Marsascala and in Sanctuary Street, Zabbar.

Shares bonds and other interests - 99% shareholding in Paba Builders Ltd, 50% shareholding Elcar Developments Ltd, 50% shareholding PR Co Ltd, 33.3% shareholding Blacktop Ltd.

Non-trading companies 33.3% shareholdings in Parklands Ltd. 50% shareholding in Carters Supermarkets Ltd, 33.3% Tadar Ltd. 100% shareholding Paba Shipping Ltd.

In liquidation - 50% shareholding SJP Tarmac Ltd. 50% PB Construction Ltd.

Money in banks - total €12,150 HSBC current account; €6,238 HSBC current account; €2,837 BOV current account; €439 BOV saving account. €6,642 BOV fixed account.

Directorships or other posts - university lecturer.

Income in 2012 - University €15,787. Parliament €20,129.

Loans - Visa - €6,774

ENERGY MINISTER KONRAD MIZZI

Property - House in London.

Shares - MIA shares 4,000

Money in banks - €341,713

Directorships or other posts - partner Program Planning Professionals UK

Income in 2012 - €54,260.

ECONOMY MINISTER CHRIS CARDONA

Property - Fort Mansions Zabbar, tenement in Bwieraq Street Birkirkara, villa in Madliena.

Shares and other investments - 25% Sapmac Co Ltd.

Money in banks €60,000.

Directorships - Sapmac Ltd.

Revenue in 2012 - €23,430.

Outstanding loans of €577,000

EDUCATION MINISTER EVARIST BARTOLO

Residential home acquired through loan.

Money in banks - APS savings €5,000. HSBC Savings - €11,000. 

Income in 2012 - MP honoraria €20,110. Sound and Vision - €12,000. University €20,080.

SOCIAL POLICY MINISTER MARIE-LOUISE COLEIRO PRECA

Property - residence in Balzan. Office in Qormi. Husband's family residence in Valletta.

Shares and other interests - MSV Life 6013.

Money in banks - total deposits €6,470.24

Income in 2012 - €20,129

Outstanding loans €31,239

FINANCE MINISTER EDWARD SCICLUNA

Property - Residence in Naxxar.

Shares and other interests - Applied Economics Consulting Ltd - 1000 shares/loan. Various government bonds. €187,120 (own) €226,090 (spouse) and €83,393 (joint).

Money in banks - €70,000 joint account. €38,000 own.

Posts - Part-time professor at University.

Member of the European Parliament up to March 2013. Chairman of the Cottonera Waterfront Group, chairman HSBC Malta Fund Sicav, chairman HSBC Structured Gunds Sicav, director San Antonio Hotel, and director Applied Economics Consulting Ltd (all resigned in march).

INFRASTRUCTURE MINISTER JOE MIZZI

Residence in Kalkara. Family grave at the Addolorata.

Money in banks - Bank overdraft HSBC €7,000.

Directorships and other posts - administration Labour Party.

Income 2012 - €31,335 House of Representatives, €21,424 Loqus Services Ltd.

GOZO MINISTER ANTON REFALO

Properties - residence in Victoria, three flats in Marsalforn, garage and office in Victoria, flat in Msida, three flats in Qbajjar, half of a tenement in Xlendi, office in Gharb, office in Zebbug (G) office two flats and garage in Xewkija, property in Qala, half of property in Qala, three flats in Xlendi, a third of arable land in Xlendi.

Money in banks - €38,598

Income in 2012 - Parliament €20,129. Lawyer - €6,470. Mikelina Refalo salary €18,560

Loans €830,371.

ENVIRONMENT MINISTER LEO BRINCAT

Property - residence

Shares and other interests - MSV life comprehensive endowment policy est value €21,281. MSV Investment Bond Joint Unit Linked - Est €26,842.  4.8% BOV subordinated bond 2010 - €10,000.  5.1% Government stock 2022 - €9,551.

4.6% MGS 2020 - €8,000. 6.25% Tuman Investments plc bonds 2014-16 - €4,500. 6.2% Tuman Investment bonds 2020 - €3,000. 6% SFC bonds - €800. 5.1% MGS 2014 - €4659. 5.35 BOV subordinated bonds - €6,500. 5.9% HSBC subordinated bonds - €5,200.

Personal - current account - (jt) €2,901. (jt) Savings €500. Personal savings €2219. BOV savings €5409 (with wife) BOV term - €5171 (with wife) €11,646 (with wife).

Bond holdings MSE - €6,100, €4,659, €10,000

Directorships and other posts - ends in March - income €32,500. Pension €12,240. Wife 103.51. Parliament €20,129.

FOREIGN MINISTER GEORGE VELLA

Property - tenement in Marsascala, tenement in Zejtun, grave in Zejtun.

Shares and other interests - various government bonds total €143,176. Bonds - various - €101,165. Bonds in Scotland €22,000.

Money in Banks - BOV €72,114.

Income in 2012 - €66,000.

HEALTH MINISTER GODFREY FARRUGIA

Three properties in Zebbug, properties in Zurrieq and Zejtun.

Bonds - IMG Bank MV €24,000. Australian and NZ - €22,000. RABO Bank Netherlands - €21,000. GE Australia Fund - €20,000. HSBC Bank - 2800

MGS - €2330; 3495; 23,000. 6 p.m. Holdings - €2,312. BOV plc - €7579.

Money in banks €3,000.

Directorships and other posts - president of St Philip Band, Mgarr Philharmonic Society and Qrendi St Mary Band Club.

Income in 2012 €61,104.

Loans - BOV overdraft €60,000, Loan 339,070.

TOURISM MINISTER KARMENU VELLA

Properties in Residence in Birzebbuga, residence Marsascala, two flats and a garage in Birzebbuga, flat in St Paul's Bay, field in Zurrieq, field in Qrendi, field in Zejtun, 25% of plot in Qormi, portion of preprty in Birkirkara, third of property in Zurrieq.

Shares and other interests - 50% in Multi Joint Projects Co Ltd, Micallef Vella and Associates.

Money in banks - €140,000

 
  • don't miss