Maltese authorities took control of Pilatus Bank that is at the center of a scandal exposed by the murdered journalist Daphne Caruana Galizia

Maltese authorities have seized control of a bank at the centre of a corruption scandal that was exposed by the murdered journalist Daphne Caruana Galizia.

Malta’s banking regulator said on Wednesday that it took control of Pilatus Bank after the arrest and indictment in the US of its Washington-based Iranian owner, Ali Sadr, who was charged on Tuesday with money laundering and evading sanctions.

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