BOPEU partner in money laundering links

Monakwe last week unveiled CredInvest International of Malta as the union’s funding partner who will be putting up some 5, 000 units of town houses and a state-of-the-art mall for BOPEU members at affordable rentals.

However, it would seem due diligence was thrown out of the window or slipped through someone’s fingers when the choice of the investor was made. Information unearthed by ICIJ reveals that the company and its sole face, Alain Mangion of Malta, are suspicious money laundering entities.