Pilatus: A Private Bank for Azerbaijan’s Ruling Elite
Over the last three years, two top families in Azerbaijan’s ruling elite used dozens of secret accounts in Malta’s private Pilatus Bank to transfer cash into Europe and funnel millions of dollars into investments in luxury property, hotels, and businesses.
The flag of Pilatus Bank flies from its offices in Whitehall Mansions in Ta’ Xbiex, Malta. Photo (c): REUTERS/Darrin Zammit Lupi
