Why The Pilatus Bank Scandal Could Be Far More Dangerous To Malta Than First Meets The Eye

The recent arrest in the United States of Pilatus Bank chairman Ali Sadr Hasheminejad didn’t only deal a major blow to Malta’s most controversial bank, but could well have ripple effects that extend far beyond our shores. 

This is because Ali Sadr’s arrest did not occur in isolation but formed part of a wider clampdown by US authorities on Iranian nationals who devise elaborate loopholes to evade US sanctions on their home country. 

Critical in all of this was Henley & Partners, the global citizenship planning firm with programmes in a few countries including Malta, whose sale-of-citizenship scheme in the Caribbean allowed Iranians to hide their ‘true nationality’ from the US authorities.

Let’s break it down. 

Why was Ali Sadr arrested in the first place?

Ali Sadr’s father is one…

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