The Malta Independent 18 October 2021, Monday

Mallia’s €500,000 in cash now safely in the bank

Malta Independent Thursday, 15 May 2014, 16:02 Last update: about 8 years ago

The €500,000 in cash that Home Affairs Minister Manwel Mallia last year declared he had at home has now been safely tucked away in a bank, as indicated by his declaration of assets to Parliament seen by The Malta Independent.

Dr Mallia was the last minister to inform Parliament about his financial assets, way beyond the end of April deadline. His covering letter attached with the declaration, as well as the parliamentary stamp on it, lists the date as being today, 15 May.

Dr Mallia also has €280,588.77 and €14,020.22 in two other local bank accounts, and €70,000 in an overseas account, totalling €864,608.99 in bank deposits.

Dr Mallia also owns seven properties in both Malta and Romania. He holds an investment grade bond worth €1,080,295.86, a non investment grade bond of €56,763.35, equities worth €21,870.92, securities worth €60,562.92, and shareholdings in two companies.

With Dr Mallia’s filing, all MPs have now abided by their obligation to file their asset declarations, albeit Dr Mallia’s filing comes 15 days after the 30 April 2014 deadline.

16 Labour MPs in total filed their asset declarations late. 

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