The Malta Independent 24 June 2019, Monday

17 Black: Latvia has received no request from Maltese investigators

Wednesday, 19 December 2018, 09:34 Last update: about 7 months ago

The Latvian General Prosecutors Office and Justice Ministry have not yet received any request for assistance from the Maltese investigation into 17 Black, a Reuters correspondent revealed yesterday.

According to a Reuters report, a Seychelles company with a bank account in Latvia, Mayor Trans Limited, sent a payment of $1.5 million to 17 Black for “financial advisory services”.

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17 Black was listed as the 'Main Clients' and 'Possible Payers/Senders' of Tillgate and Hearnville, the offshore Panamanian companies owned by OPM Chief of Staff Keith Schembri and Tourism Minister Konrad Mizzi, leaked emails obtained by German paper Süddeutsche Zeitung, and published by the Daphne Project, showed.

In reaction to the news story, Schembri at the time had said that 17 Black never became clients of his business group.  Mizzi had also previously said that there is no connection, direct or otherwise, between him, his company or trust, and any entity called 17 Black.

It was recently reported that director and CEO of the Tumas Group Yorgen Fenech, who is a director and shareholder in the Electrogas consortium, is the owner of 17 Black. Electrogas operates the gas-fired power station.

Reuters and Times of Malta had broken the revelations on 17 Black regarding Yorgen Fenech.

The reports say that Yorgen Fenech, CEO of Tumas group - which in 2013 won the concession from the Maltese government to build the €450 million gas-fired power station on the island – is the owner of 17 Black, a Dubai company which has an account at Noor Bank also in Dubai.

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