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My side of the ‘luxury car swap’ story – James Zammit

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I refer to the article published by The Sunday Times of Malta, and online, entitled ‘Yorgen Fenech’s luxury car swap being probed’. I wish to point out that several assertions made in the article are either misleading or incorrect and are harmful to my hitherto untarnished reputation. The article conveys the impression, for sensationalist effect, that I dealt with an “alleged Daphne Caruana Galizia co-conspirator” when the truth of the matter is that no such accusations had been levelled against Fenech at the time of the agreement in question. Furthermore, the property I purchased for €1.36 million was not fully owned by Fenech as implied in the article but by the Fenech family. Fenech had only a 25 per cent share in this property. The nature of the transaction has also been misrepresented: no “vast amounts of cash… changed hands”, as alleged in the article. Like many others, I financed the purchase primarily through a €900,000 mortgage obtained from one of Malta’s leading banks. I settled the deposit value of €300,000 through an exchange of two high-end vehicles by transferring my ownership to Fenech of a Rolls Royce Wraith. The car was purchased from a leading UK Rolls Royce...


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