A company funded by 17 Black was introduced as the 'sole agent' of the Montenegro wind farm project by a Chinese negotiator, the Times of Malta reports.

Cheng Cheng, who had been implicated in the Panama Papers, had given the presentation regarding the project to the Enemalta Board in 2014.

Cheng, the newspaper report reads, described a company called Cifidex as the sole agent for the project. This was a year before the company bought the shares from the original concessionaire of the Montenegro project. The board approved the project in principle that day, the report adds.

Cifidex entered into a promise of sale agreement with the original concessionaire - Fersa - two months later in February 2015, for €2.9 million.

The report read that Cifidex was secretly funded by 17 Black - Yorgen Fenech's company.

Cifidex then sold the same shares for €10.3 million to Enemalta, and Cifidex then reportedly sent €7.8 million to 17 Black by May 2016.