40 companies had assets frozen in Monday’s court order

The assets of 40 companies were frozen on Monday as part of a court decree relating to Keith Schembri, Brian Tonna and more of their associates.

The court had decreed that there was reasonable suspicion that Schembri and Tonna are guilty of crime (money laundering) under clause 4 of cap 373 of the Laws of Malta.

Keith Schembri, his wife and other family members had their assets frozen. In addition, the companies Keith or his family members are shareholders in were also frozen. These include KASCO Holdings Limited, Navis Logistics Limited, Kasco Limited, Kasco Recycling, Its Good Limited, Graphic Supplies Limited, FSV Limited, CINEBISS Limited, Tekhne Industrial, Kasco Engineering Company, Berner Malta Limited, 3City Designs, GSV Co Limited, Holdforth Limited (a company in Cyprus which Schembri was once said to be linked to and possibly own), Malmos Limited (in Gibraltar), Colson Services Limited (in the British Virgin Islands). One of Keith Schembri’s children is not on the list of family members who had their assets frozen.

Malcolm Scerri (Keith Schembri’s business partner), and some of his family members also had their assets frozen. Some of the companies that the Scerris are shareholders in are also subject to the freezing order. These are Tekhne Industrial, Kasco Engineering Company, Berner Malta Limited, Acumen Projects Limited, ThoughtZone Limited.

Brian Tonna (of Nexia BT) and his family, including his 6-month old grandson, had their assets frozen. Companies in which the one or more of the Tonnas are shareholders in, and which fell under the order, are: SOPNIF Ltd, KBT Holdings Limited, AWNY Properties, SPX Services Ltd (a British Virgin Islands company that was owned by Brian Tonna), MBK Limited, NBT Technology, Willerby Trade Inc (in the British Virgin Islands), Nexia BT Limited, Nexia Bt Holdings (Consulting) Limited, Nexia BT Holdings Limited, BT International Limited, Nexia BT Advisory Service, Nexia BT Consulting Limited, Nexia BT Projects, BTI Management Ltd.

Karl Cini (of Nexia BT) and the company he is a shareholder of - MBK Limited, were also subject to the freezing order. Manuel Castagna (of Nexia BT) and his wife and children, as well as the company one of them is a shareholders in - MBK Limited – also had their assets frozen.

The court order listed a number of other people, some of whom were directors in the aforementioned companies.

A number of companies which were struck off were also listed in the order: Zonqor Estates Ltd, SG Limited, Voluntas Malta Limited, Eximius Business Malta Limited, 8 Point Services Ltd, BT Consulting.

ATC Administrators, a company in the British Virgin Islands, was also in the list.