Malta Philharmonic Investigated Over €8M in Suspected Laundered Funds
The European Foundation for Support of Culture, established in 2015 and formerly based at the Russian Cultural Centre in Valletta, funneled over €8 million to the Malta Philharmonic Orchestra between 2018 and 2022. This triggered a money-laundering investigation that was obstructed by the orchestra and eventually dropped. The foundation's funding source remains anonymous. The case raises questions about financial transparency in Malta's cultural sector.
Key facts
- European Foundation for Support of Culture gave more than €8 million to Malta Philharmonic Orchestra between 2018 and 2022.
- The foundation was set up in 2015 and based at the Russian Cultural Centre in Valletta.
- A money-laundering investigation was launched but stonewalled by the orchestra and eventually faded.
- The foundation's financier is anonymous.
- The story was reported by Times of Malta.
Entities
Institutions
- European Foundation for Support of Culture
- Malta Philharmonic Orchestra
- Russian Cultural Centre
- Times of Malta
Locations
- Valletta
- Malta