The Malta Independent 25 September 2022, Sunday
View E-Paper

Former Walloon minister suspected of laundering money through Malta

Sunday, 3 September 2017, 09:00 Last update: about 6 years ago

Former Wallonia (Belgium) minister and mayor of Waterloo Serge Kubla has been prosecuted for money-laundering through a company he set up in Malta.

A judicial investigation into Kubla's activities was launched in Belgium in 2015 and extended after he confessed during questioning that he had laundered money through a Swiss bank account.

Kubla was incarcerated in early 2015 after being accused of "corruption involving a person holding public office in a foreign state", namely a former Prime Minister of the Democratic Republic of Congo, Adolphe Muzito. Kubla reportedly served as an intermediary for the Duferco industrial group, which was said to have tried to favour investments in the games and lotteries sector by corrupting Congolese officials.

ADVERTISEMENT

The investigators investigated Socagexi Ltd, a shell company created in Malta by Serge Kubla through which he had billed a Duferco company for consultancy fees of €260,000 per year since 2009.

This newspaper has established that Kubla was the sole shareholder and director of the Maltese company.

Investigators also looked into a Swiss account Kubla opened with Pitchet, a private bank. He had allegedly withdrawn hundreds of thousands of euros in cash from the bank through a branch in Luxemburg.


  • don't miss