Published on this site are some of the many newspaper articles from the
Maltese press connecting EU Commissioner John Dalli to the Anonymous Letters
Scandal and the Daewoo scandal. This was the biggest known fraud case in
Maltese contemporary history.
Despite the political pressure from the Labour Party, the
Maltese press and other bodies for an investigation the scandal was covered up.
Millions of Euros were defrauded from the Bank of Valletta and company debtors
and creditors. This affected approximately 1, 500 clients who bought their cars
on HP from Universal Commerce Agency /Daewoo Malta Ltd.
The clients were defrauded of Lm1.5 million (€3.5 million
approximately). The Bank of Valletta covered up the amount that had to be
written off. It seems to be impossible that so many people and a financial
institution were defrauded and it was well covered up by the Prime Minister of
the time Dr. Eddie Fenech Adami, the police and EC Commissioner John Dalli.
The Bank of Valletta never published the total amount that had to be
written off despite pressure from
shareholders, the press and the Labour Party.
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