Malta Gaming Authority Exec Fired for Stealing Delicate Information


Posted on: December 19, 2021, 01:40h. 

Final up to date on: December 19, 2021, 04:23h.

Police are investigating a former government on the Malta Gaming Authority after he was “caught red-handed” misusing delicate inside info, The Occasions of Malta stories.

Jason Farrugia
Jason Farrugia resigned Thursday after he was advised he was going to be fired and reported to police for diverting delicate industrial information to his private laborious drive. (Picture: MGA)

The company’s ex-chief expertise officer, Jason Farrugia, is suspected of accessing confidential and commercially delicate info. Sources advised the Occasions the breaches had been uncovered after a routine evaluate of his work gadgets discovered he had been transferring the delicate knowledge from the MGA servers to his private account.

The sources mentioned brokers from Malta’s Monetary Crime Investigation Division at the moment are working to establish simply what he deliberate to do with the data.

In an announcement, the MGA mentioned Farrugia resigned Thursday after he was advised he can be fired and reported to the police. He had labored for the company for ten years.

“The MGA hereby declares that Jason Farrugia, previously Chief Officer Know-how inside the MGA, not has any connection to the MGA and might not signify it or communicate on its behalf,” the regulator mentioned.

Scandal-Hit Regulator

That is the newest scandal to rock the MGA, which is accountable for overseeing Europe’s foremost on-line playing jurisdiction and an trade accountable for 12 % of the tiny island state’s GDP.

The company’s former CEO Heathcliff Farrugia (no relation — Farrugia is one in all Malta’s most typical surnames) resigned in January after he was charged with corruption. He’s accused of buying and selling in affect with Yorgen Fenech, a on line casino proprietor and businessman suspected of complicity within the homicide of journalist Daphne Caruana Galizia.

Caruana Galazia died in a automobile bomb assault in October 2017. Police imagine she was killed as a result of she was investigating authorities corruption linked to the award of an power contract to an organization managed by Fenech.

Fenech is one in all Malta’s richest males. He was arrested making an attempt to flee Malta on his yacht in February 2019. That’s after a so-called “intermediary” within the Daphne Caruana Galizia homicide recognized him as the person who ordered the hit. He denies the fees.

Whereas investigating Fenech, police uncovered incriminating conversations between Farrugia and the on line casino proprietor on the latter’s cellphone.

Standing Beneath Menace

Based on authorities, Farrugia offered Fenech with commercially delicate details about rival on line casino operators.

It’s not clear whether or not Farrugia is accused of accepting kickbacks for supplying the data. The investigation was initially stored beneath wraps to keep away from harming Malta’s repute as a gaming jurisdiction. It was finally uncovered by The Occasions of Malta.

Operators have lengthy been drawn to Malta by its aggressive tax charge, useful regulatory system, and EU membership, which has afforded it fluid monetary providers with the remainder of Europe.

However the nation has develop into a hotbed of economic crime, and in June it grew to become the primary EU state to be graylisted by the intergovernmental Monetary Motion Process Drive (FATF).

The demotion may have important repercussions for its economic system, together with its on-line gaming trade, as its banking sector turns into much less agile and dearer to interact with. Now, firms based mostly in Malta will likely be assumed to pose the next threat and will likely be topic to extra monetary purple tape.

This can restrict its enchantment as an internet gaming jurisdiction, and for buyers basically.

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