KPMG reveals clear link between Malta pension fund and Swedish suspect
A new light has been shone on the way a Maltese pensions fund sold to Swedish savers was used by dubious financial services practitioners to siphon money into an energy company.
A report drawn up by auditors KPMG, appointed by the financial regulator to take control of Falcon Funds, shows that millions in Swedish savers’ money were invested in financial instruments to benefit particular individuals – without any guaranteed return to the savers.
Read More: Malta Today
