Thirty-four year-old Maria Abela of Gzira was sentenced to six years imprisonment after she admitted her involvement in the money laundering of 164,000USD, equivalent to around Lm53,000.
The court heard the accused admitting that in May 2004, she went to a Bank of Valletta branch to receive 164,000USD in her company's bank account, Alasram Holdings Limited. She also admitted to trading fraudulent merchandise and to falsifying large amounts of money into other bank accounts.
A number of other companies, all properties of Antonio Monaco from Italy, were also involved in these illegalities to the detriment the Swiss companies Jeric Holding, Holmus Mohsen Esadeh, Frank Marchan and Lecshof Finance.
Although Abela pleaded guilty, she told the court that when she initially entered into business, what she believed that this was a legitimate venture. Once she found out its illegality, she did not report the matter to the authorities because she had been threatened.
The woman was defended by Martin Fenech.
http://www.di-ve.com/dive/portal/portal.jhtml?id=273373&pid=1
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment