Malita Investments' executive chair Johan Farrugia has handed in his resignation, the Times of Malta reports.

It reports that he handed in his resignation on Monday, but it is unclear whether it has been accepted.

Malita has faced increasing financial strain despite posting more than €5 million in profit in the first half of 2025. Work on a large housing project in Ħal Farruġ has stalled due to cash flow problems, shareholders received no dividend last year, and several contractors claim they are owed millions.

Earlier on Tuesday, in response to coverage surrounding Malita Investments, Former Labour MEP Marlene Mizzi has claimed that her 2024 removal from the chairmanship of Malita Investments plc occurred shortly after she confronted Housing Minister Roderick Galdes over what she described as improper interference in the company's affairs and overly familiar dealings with its contractors.