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Are Maltese courts being used to settle Turkey’s political games?
5 hours ago
The Maltese courts will decide on the case of Mubariz Mansimov Gurbanoğlu, an Azerbaijani-Turkish citizen and the founder of the Palmali Group of Companies, a shipping conglomerate comprising some 56 entities based in Malta.
He stands accused of defaulting on a loan from a Russian bank, Sberbank. The bank had made a number of loans to Palmali companies based in Russia, on the basis that the guarantors were “steady and substantial”. The loans were secured via personal guarantee by Gurbanoğlu, his Turkish companies, and 47 naval boats registered in Russia.