Baystreet director resigns following
George Muscat, one of the directors of Bay Street and
also an owner of Legend Real Estate, has resigned his position as Director
of Bay Street Finance plc.
The company announced his resignation stating that "Mr George Muscat
has resigned his directorship after having been found guilty by the
court of magistrates of arbitrarily exercising pretended rights when
he ordered the changing of locks of an establishment in Bay Street Complex."
Our sister newspaper MaltaToday had reported that Mr Muscat was sentenced
to three months imprisonment. Mr Muscat, who would not comment on his
sentence, has filed an appeal.
George Muscat was condemned by Magistrate Silvio Meli on 3 July for
ordering his employees to break into the premises known as Il-Grokk,
run by Rita Anne Bigeni and Ray Bajada.
In his decision Meli said there were pending disputes, even in court
which had not been resolved.
Baystreet directors Christopher Grech and Paul Camilleri were acquitted
of the same charges.
The Malta Financial and Business Times contacted Muscat and asked him
for his opinion on the court decision but Muscat preferred not to comment.