Millions of euros shifted out of Vitals on days of government payments
Large amounts of money were being shifted out of Vitals on the same days it was receiving multi-million-euro payments from the government, documents show. Corporate records analysed by Times of Malta indicate a trail of government funds flowing into Vitals Global Healthcare Management, before then being sent back out to its Maltese parent company, Bluestone Investments. At times, money was being extracted from Vitals on the exact same day it was paid in by the government. It is unclear why government money meant to fund the running of the hospitals were being shifted out of the Vitals concession company to Bluestone, whose own ownership was layered behind a company in the British Virgin Islands. Bluestone, whose directors were Vitals frontmen Ram Tumuluri and Mark Pawley, only ever filed one set of audited accounts for the year 2015, a year before government funds started being channelled to it. Bluestone, whose directors were Vitals frontmen Ram Tumuluri and Mark Pawley (inset), only ever filed one set of audited accounts for the year 2015, a year before government funds started being channelled to it. Over €21m sent to Bluestone Under the concession agreement, it was Vitals,...