[LIVE] Shaukat Alis son, wife back in court over allegedly profiting off fraudulent Vitals deal

The pair stand accused of profiting from a fraudulent hospitals deal with Vitals Global Healthcare through Shaukat Ali Chaudhry’s companies Mount Everest FZ LLC and Global Assets Holdings

By: maltatoday.com

Oct 14 2024
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[LIVE] Shaukat Alis son, wife

🔴 LIVE

10:17

When challenged on the reason why Malta Enterprise was looking for investments for the health sector, Mr. Galea states that historically speaking, Malta always had a close affinity to health care and hospitality. Specifically, he notes that the Gozo General Hospital was in need of investment, before adding that any investment in a hospital is a needed investment.

Matthew Farrugia

09:52

Mario Galea, who was Malta Enterprise's CEO at the time of the Vitals deal takes the witness stand. He explained his role at Malta Enterprise, being the Chief Officer for investments.

He is asked what attracted Vitals Global Healthcare to Malta, to which Galea explains how there had been studies on which types of companies and investments Malta Enterprise wants to attract.

Matthew Farrugia

09:45

Good morning.

Today's court session has just started.

Matthew Farrugia

Pakistani businessman Shaukat Ali’s wife and son had been charged with money laundering, fraud, bribery, and corruption.

They allegedly profited from a fraudulent hospitals deal with Vitals Global Healthcare through Shaukat Ali Chaudhry’s companies Mount Everest FZ LLC and Global Assets Holdings.

The court had issued the requested €20 million freezing and seizure order over all the defendants’ property. Investigators had traced money transfers linked to the family, leading to accusations that they acted as a unit to misappropriate public funds.