Only the fact that government would have to cover Steward’s debts was mentioned. He told the court that the Cabinet wasn’t told about the €100 million penalty either. That agreement was kept secret from everybody.įearne testified that he knew absolutely nothing about it. On 27 August 2019, Steward signed an agreement with Konrad Mizzi through which they would make €100 million and have all their debts paid by Maltese citizens if the court case did not go in the company’s favour. Those are Steward’s highest professional standards and values.īut there was worse, far worse. That MOU was reportedly signed behind Fearne’s back. They signed a memorandum of understanding (MoU) with Mizzi, ensuring that Steward got as much money as they wanted, not what they were due. When Health Minister Chris Fearne withheld funds from Steward for failing to abide by the labour supply agreement, Steward held parallel negotiations with Konrad Mizzi and the Office of the Prime Minister. “Steward remains committed to operating in accordance with its highest professional standards and values,” the company declared. The US Embassy knows who Steward has been doing backroom deals with. The State Department knows who Steward had been dealing with – Konrad Mizzi, who has been banished from the US and exposed for his “significant corruption” and “kickbacks and bribes”. It kept the US Embassy and the US State Department “fully informed at all times of all relevant events and engagements with the government of Malta” in an attempt to scare us into submission. Steward is now resorting to intimidation. Those millions were guaranteed by our government using our money. Instead, that money came from Bank of Valletta in four separate loans amounting to €35,900,000. They should have brought foreign investment. That financing should have come from foreign banks. The company entered into an interminable series of agreements with the government to finance its Malta project. But there’s nothing financially sound about Steward. In the company statement, Steward claimed it had “transformed a bankrupt enterprise into a professionally managed operation with a sound financial footing”. Steward is warning us – forget about foreign investment nobody will put his money in your rotten island after that court decision. How considerate.Īfter leeching the country dry, Steward is shedding tears for our democracy. Steward, the company cashing in millions for doing nothing, thanks to a fraudulent deal it struck with the world’s 2019 most corrupt politician, is concerned for Malta’s rule of law. Those raking it in thanks to Labour’s trampling of the rule of law are now lamenting its demise. The court’s judgement “presents major concerns for the rule of law in Malta”. Malta is a banana republic, Steward asserted. The company is used to calling the shots and getting its way because it had Muscat and Mizzi on its side. Steward’s statement on Wednesday betrayed the arrogance we have now come to expect from those on whom Labour bestowed impunity. Joseph Muscat and Konrad Mizzi promised to pay them €100 million plus all debts incurred and Steward’s determined to get that money. Kindred attributed the delay to an issue with the electronic filing system.Steward Health Care is appealing. That was after the Globe sent inquiries to both companies earlier in the week. But the agency said it received the documents Friday afternoon. and Tenet Healthcare Corp., also missed this year’s April deadline for submitting 2015 financial statements to CHIA. Two other for-profit companies, Kindred Healthcare Inc. Steward closed Quincy Medical Center at the end of 2014, citing a shortage of patients and financial losses there. Healey’s report credited the company for maintaining important medical services, especially for elderly and low-income patients, but raised concerns about Steward’s financial stability. The company lost $75 million on operations in 2014, up from $55 million in 2013, and $22 million in 2012. A December report from Healey’s office showed that Steward’s losses have been mounting. Steward has not submitted detailed financial statements for the past two years to CHIA, but it has shared some information with Attorney General Maura Healey’s office. It eventually turned in those statements, almost a year late, and after redacting portions that the company said were proprietary. In 2014, Steward missed the deadline for submitting financial statements for 2013.
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