serious and persistent breaches of Gibraltar’s financial services legislation.

Financial Services Commission has today, pursuant to Section 11 of the Financial Services (Investment and Fiduciary Services) Act cancelled the licences of the following licensed firms and persons ;Gibland Secretarial Services Limited ; Licence No FSC00171BGibland Nominees Limited ; Licence No FSC00175BEquity Nominees Limited ; Licence No FSC00174BEquitar Management Limited ; Licence No FSC00172BGibter Management Limited ; Licence No FSC00173BCabor Trustees Limited ; Licence No FSC00430BMeridian Trustees Limited ; Licence No FSC00890BMarrache, Benjamin John Samuel ; Licence No FSC00736IMarrache, Solomon S ; Licence No FSC00176IThe decision has been taken following an investigation into the affairs of the licensed entities and persons which in the opinion of the Commission have disclosed serious...

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Marrache & Co Gibraltar bank account supposed to hold the company’s cash in fact had a balance of less than nine Euros and no credit facility.

Two senior executives at a prominent Gibraltar law firm, brothers Benjamin and Solomon Marrache, appeared before the Magistrates Court yesterday charged with false accounting in respect of E1.8m of client money.The two men were arrested on Tuesday and spent the night in police cells before being ferried to court in a police van.The two Marrache brothers were ushered by police through a side entrance to Central Police station just before 10am and appeared before the magistrate in a crowded courthouse a short while later.Attorney General Ricky Rhoda, appearing for the Crown, urged the magistrate to impose stringent bail conditions for fear that...

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Silvio Berlusconi’s allies denied allegations by the son of a former mobster who said that the Sicilian Mafia had been involved

Silvio Berlusconi’s allies denied allegations by the son of a former mobster who said that the Sicilian Mafia had been involved in the founding of the Italian prime minister’s political party.Massimo Ciancimino testified in court yesterday that his father, Vito, and Senator Marcello Dell’Utri, a founder of Berlusconi’s Forza Italia party, had together negotiated the mob’s backing before Berlusconi’s first election win in 1994.“What he said about the party is totally false,” Dell’Utri said in an interview broadcast by Sky TG24. He said Palermo prosecutors are trying to undermine the government.Ciancimino’s testimony, delivered during an unrelated trial in Palermo, is “an attempt to delegitimize a government that’s fighting the mafia,” Justice Minister Angelino Alfano said. While Berlusconi...

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Members of an Italian mafia group have been arrested after police uncovered their plans to kidnap Mourinho!

Members of an Italian mafia group have been arrested after police uncovered their plans to kidnap Mourinho! What were they thinking? He’d win them all over in quindici minuti! “Giovanni, I like your spirit but you are not listening to me no? I asked you to shave off your beard on Thursday. I don’t like these things. To become European Champion, you must do it or we don’t talk about it,” he’d say while making the table in a spare Lazio shirt.Anyway, the authorities found strong traces of wiretapping, photos and the coach’s home address in one of the mafia’s homes in Genoa. Gattuso was cleared of all charges, however, after being found cutting...

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