How Streamcast got the backing of the Maltese government defies logic. Then Minister Konrad Mizzi even ‘turned up’ in Mumbai for a Streamcast launch.įormer Minister Konrad Mizzi at a press conference attended by Streamcast’s Chairman (far right) in Mumbai in 2018. Streamcast was paraded by the government in 2018 as ‘a major international company’ that would invest €75 million in the launch of an international data centre in Malta. Similarly, Enemalta is now suing in court to recover over €500,000 in rent arrears, electricity bills and other costs over the same time period. Melita has already been awarded a summary judgment for €300,000 in outstanding debt, internet connection fees dating back to when Streamcast was set up. P&C Limited joins Melita and Enemalta in trying to recover what now totals over €8m in debts from Streamcast. Similarly, the companies set up in Malta with minimum share capital also appear abandoned racking up MFSA Registry fines in the process. The characters behind Streamcast have disappeared – the result of another deal negotiated by former Minister Konrad Mizzi that has left taxpayers to foot the bill for what is increasingly looking like yet another scam. Except, as shown by The Shift, and as both Enemalta and Melita have discovered, there’s no one left in Malta to serve notice upon or likely any significant assets in Malta to enforce against.
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