Construction magnate Charles Polidano, better known locally as Iċ-Ċaqnu, has been released from police arrest under bail after being interrogated on suspicions of alleged money-laundering and corruption.
Polidano and his son were arrested on Friday and interrogated by the Police Unite for Financial Crime (FCID) on suspicions of corrupted a high-ranking official in an institution with regards to property sale.
Polidano Group categorically denied the allegations and said that it is assisting the authorities in verification of company payments in the year 2014, and that it will continue to cooperate for as long as necessary.
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Photo Source: Television Malta