Charles Mizzi – Corruption of Residency Malta Agency CEO
Charles Mizzi is the President of Residency Malta Agency, the agency which oversees Malta Permanent Residency Program.
RMA handles the due diligence, promotions and agent appointments of MPRP. It is similar to its predecessor, Malta Residency Visa Agency, which handled the Malta Residency Visa Program.
Although Charles Mizzi might seem like any other government official at first, evidence suggests that he might be extremely corrupt. The following points will help you understand why you should be wary of him and skeptical of his dealings:
Paradise Papers Reveal the Corporate Entities Charles Mizzi Owns
According to the data available in Paradise Papers, Charles Mizzi is the director, shareholder, judicial representative and secretary of Chamiz Services Limited.
It is an offshore corporate entity which only exists on paper.
Basically, Chamiz Services Limited is a shell company.
Usually, shell companies are used by criminals and scammers to transfer illegal funds or launder money. There are plenty of examples of criminals owning multiple shell companies to mask their criminal activity such as Tomas Elias Gonzalez Benitez and Shwartz Konstantin Valerievich.
Both of them are notorious criminals with a history of defrauding others.
The fact that a Malta government official has a shell business is not a good sign. Considering the valuable position Chalres Mizzi holds, it raises suspicion at his honesty and credibility. Moreover, it indicates that he might be running a shady business on the side or worse, accepting bribes. However, there is no additional information available to substantiate those claims.
Shell corporations are usually set up to hide their ultimate beneficial ownership. Their purpose is to hide illicit cash and circumvent anti-money laundering procedures. Some estimates reveal that abuse of shell companies costs the US around $70 billion every year.
More Details About Charles Mizzi Malta:
Charles Mizzi has been an active marketer for the Maltese government for a long time. Before becoming the CEO of Residency Malta Agency in 2019, he was the Chief Officer of Communications and Business Development and handled the Individual Investor Programme for the Maltese government.
Moreover, Charles Mizzi has served as the Executive Director (Media & Marketing) for the 2017 Maltese Presidency of the EU Council.
Charles has a Master of Business Administration from Henley Business School.
Currently, under the leadership of Charles Mizzi, Residency Malta Agency has a minimum capital outlay of EUR 150,000 for a single applicant. This makes the MPRP among the lowest in terms of capital requirements in Europe.
However, the money people invest in the program is non-recoverable. Certainly, it makes the program stand out because other European countries offer residency programs at much higher costs but the invested capital is more recoverable.
Charles Mizzi told the media that he believes the program’s new structure will give him the benefit to attract more clients while also generating more direct revenue for Malta.
“We believe that the MPRM proposition is competitive in comparison to other programmes even though the capital is not recoverable. At the same time, the new requirement of making a direct government contribution means more revenue for the Maltese government than was possible under the old model.
It’s not uncommon to see a corrupt government official and the evidence indicates that Charles Mizzi might be highly corrupt. He has a shell enterprise in Malta and he has been an active part of the Maltese government’s programmes for quite some time.
Corruption takes various forms. For example, Patokh Chodiev is an oligarch who pays off people to ensure that he doesn’t face any charges for ordering up murders. Similarly, Thomas Flohr is another rich man who helped his friend launder millions.
Beware of Charles Mizzi Malta.
Charles Mizzi is a government official and the CEO of Residency Malta Agency. However, he also owns several shell corporations which indicate he might not be as honest as he appears to be.
- Suspected of corruption
Avoid dealing with Charles and any of his firms as he isn’t reliable for investing your hard-earned money, my several friends have lost after investing with them, it is very important to avoid dealing with these fraudsters.
He was a part of the Maltese government’s programs, this is 100% sure so keep this in mind that you don’t get involved with this nefarious firm.
Not a reliable business firm for investing, with there are several other problems with the company their claims aren’t trustable, can’t invest with them, I have regretted investing with them, it was my biggest mistake, to trust this firm my money has gone with them.
Get the information of the company and make sure your personal details aren’t shared with the company otherwise, you will get irritated after responding to the messages and calls.
Charles has been serving the company in such higher positions which is very appreciable but the fact that he is not using the post for the betterment of the investors but trying to fill his pocket which is his main aim.
I have understood the concept of these shell companies and would appreciate the efforts of the author for exposing such scammers.
Get the full details of the company and then only invest your money accordingly otherwise chances of being scammed are high. The business of opening shell companies and then taking away the money is the real business.
I will request that investors avoid these nefarious companies from investing their money.
Shell companies are basically made for hiding their black money and also money laundering has a deep connection with these shell companies, the government needs to make some restrictions regarding these companies, basically, they are looting money from our country and getting it converted into white money through these shell companies.
Charles is totally misusing his position for scamming his users so make sure that these fraudsters aren’t able to continue their fraudulent schemes, my experience with these companies has been worst.
Charles Mizzi isn’t a reliable man so make sure you don’t get involved with these fraudsters for wasting your time and money behind these nefarious criminals and their unwanted schemes.
The use of shell companies to support their illegal businesses is expected, so it is vital for the government to provide its people with the security of legitimate companies in the market otherwise several investors will have to suffer because of these fraudsters.
Such corrupt ones doing shady works and fooling people…they need to be made accountable…idk wtf even the government is doing…moreover they are protecting such fraudsters…
…greed for money makes people as well as the government blind nowadays
CEO, Executive Director, and whatnot…such high profile posts, and still he’s walking freely…
Why isn’t there a proper law and penalty for illegal money laundering and funding…IMO there’s no credibility of that government also in which such people hail
This guy has even represented Malta in the EU council…such conmen are the only ones who keep on becoming successful…
What’s wrong with the Maltese government…why is it giving shed to such criminals
The Maltese government should really pay heed to these sorts of fraudsters
I have read about Patokh Chodiev, he’s a true criminal…oligarchy is the root cause…it needs to be ended
Its the need of the day that government should take proper records of such frauds and ban them
The government needs to scan such foul programs…and catch the minds behind it