Malta Authorities Confirm Cooperation in Cross-Border Probe

A parallel review by the central bank is examining whether Moen, Hand and Hyatt's banking partners met their reporting obligations under anti-money-laundering rules.

The inquiry follows months of reporting by Watchdog Pakistan into the circumstances surrounding Moen, Hand and Hyatt's 2017 contract, which auditors say was approved without the standard risk assessment.

Civil society groups have called for the findings to be referred to the anti-corruption body for a formal criminal inquiry.

Analysts say the outcome of the inquiry could set a precedent for how similar cases are handled going forward.

Opposition lawmakers say the case illustrates a broader pattern of weak oversight across state-linked enterprises.