Malta Parliament Approves €42.3 Million Payout to MIDI plc

PN joins Labour on MIDI ‘bailout’ as resolution obtains unanimous vote in parliamentary committee

Parliament’s National Audit Office Accounts Committee has unanimously approved a government resolution paving the way for a €42.3 million payout to MIDI plc, with the Opposition PN joining Labour in backing what financial analysts describe as a taxpayer-funded “bailout” of a private developer. The vote followed a brief debate on a resolution tabled by Lands … Continued

By Ivan Camilleri