Streamcast websites4/30/2023 ![]() ![]() Streamcast’s newly launched websiteboasted that Streamcast had offices in the USA (a Delaware shell company), the UK (a company ordered online), Europe (the Malta companies and data centre built by Enemalta), the Middle East (a partner is based in Dubai) and India (the other shell companies). Public relations efforts went into overdrive to sell the Streamcast deal to the public. Ownership of this company then changed to Brian Tonna, Karl Cini and Manuel Castagna, along with Said.īy April 2018, and the launch of the data centre built by Enemalta and funded by taxpayers, the public relations agency kicked into action. Nexia BT, embroiled in the Panama Papers scandal, created a company called Capital Knight Limited in Malta owned initially by one partner, Oliver Said. It was needed, because the public was about to be taken for a ride.Ī holding company was set up in Ireland, Streamcast Technologies Holdings Ltd, a shell company in the UK and others in Malta and India. Then Enemalta Executive Chairman, Frederick Azzopardi, had described the deal as “ marking a new era of growth for and ”.Ī Maltese PR agency was engaged to brand the company and, in the agency’s own words, “ manage the public perception”. The problem was no one had ever heard of them. In November 2017, Enemalta announced that it had signed a deal with Streamcast Technologies. It would then be leased to the company.ĭeals of this type would typically require a guarantee, which is where the ever generous (with taxpayer funds) yet notoriously secretive Malta Enterprise would come in. The catch was that the data centre still had to be built, and according to the deal secured, this would be done by Enemalta, the State utility, from taxpayer money. The deal was deceptively described as a €5 million investment by Streamcast Technologies that could increase to €75 million. ![]() By September 2017, against a backdrop of increasing unease about the political situation in Malta, the company, Streamcast Technologies, Inc., had secured a lucrative deal. ![]() ![]() Their luck seems to have changed dramatically with an introduction to Malta including the ever-generous Malta Enterprise and Enemalta. Updated: Adds statement received from Enemalta plc.Īn Indian and his lawyer partners with a company set up online in the US State of Delaware, without a data centre, infrastructure, funds, a track record or even a proper website. It was just another project on Muscat’s roadmap to corruption, where bedfellows profited handsomely while taxpayers got the wrong end of the stick.Energy Minister Joe Mizzi helped, telling parliament that he went to visit the promoters’ “data centres in India” a full two months before the foundation stone was even laid.Nexia BT and others appear to have made millions with promotion, again funded by taxpayers, that included the endorsement of Konrad Mizzi and Michelle Muscat on an international platform.The government announced an investment of €5 million that would increase to €75 million, but it was instead funded by taxpayers while the public got nothing in return. ![]()
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