Local construction magnate Charles Polidano, who is known as iċ-Ċaqnu, was arrested and interrogated along with his son on Friday morning over money laundering and corruption suspicions.
Polidano was arrested at his home and taken in for questioning at the Financial Crime Investigation Department.
Times of Malta were informed that Polidano had been taken in after a very lengthy investigation and is suspected to have corrupted a senior official at a large entity through a property sale.
The same newsroom was also informed by Polidano Bros on Saturday that it was assisting the authorities to verify payments made to the company in a transaction in 2014 which involved a public deed.
Any wrongdoing was categorically denied by the company, which went on to claim that the authorities will be satisfied once these verifications have taken place.
The 62-year-old magnate’s Polidano Group is one of the leading construction firms on the island and is regularly involved in major infrastructure projects.
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