Man wanted by US for suspected money laundering offences worth $50 million arrested in Malta

A man who is reportedly wanted in the US for charges of fraud and money laundering of $50 million (€42.7 million) has been arrested in Malta.

It is being reported that the 68-year-old landed in Malta on Sunday evening. He was apprehended on Monday morning (today) with the operation being jointly carried out by Maltese and US officials.

He will now be taken to local court on Monday evening to face extradition proceedings and is believed to have defrauded the US Navy by issuing fake invoices. He is also said to have bribed a US Government official, The Times of Malta said citing sources.

The alleged fraudster will be charged in court later on Monday before Magistrate Yana Micallef Stafrace.

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Helena Grech

Helena is an avid follower of current affairs, leading her to take an interest in economics, politics and the environment. She is quite content to spend time in nature, and is often found having noisy debates with friends.

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