---
title: "BAY DEVELOPMENTS LTD — Ownership Dossier"
canonical: https://whiteintel.dev/entity/776d2aba-0cab-5e29-9dfa-e1b36269e13c
json: https://whiteintel.dev/api/public/dossier/776d2aba-0cab-5e29-9dfa-e1b36269e13c
identifier: icij:icijol-55077692
jurisdiction: MT
risk: Medium
source: WhiteIntel corporate-ownership graph
---

# BAY DEVELOPMENTS LTD

**Type:** Company  
**Jurisdiction:** MT  
**Identifier:** `icij:icijol-55077692`  
**Risk level:** Medium  
**Canonical dossier:** https://whiteintel.dev/entity/776d2aba-0cab-5e29-9dfa-e1b36269e13c  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/776d2aba-0cab-5e29-9dfa-e1b36269e13c  

## Ownership & control

### Owners / controllers

- **ANTHONY FENECH VELLA** (shareholder of) — https://whiteintel.dev/entity/6c963efd-7347-5c4e-a70d-453a4445fd57
- **VICTOR ZAHRA** (shareholder of) — https://whiteintel.dev/entity/388da2cf-c8c4-53fc-8194-c71d11f610a1

### UBO chain (walk to the ultimate owner)

A **5-step** ownership/control chain to the ultimate beneficial owner is resolved for this entity. The full cited chain unlocks with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Exposure (derived from the ownership graph)

**2** owners upstream in this entity's ownership/control chain are flagged — a sanctions hit or a secrecy jurisdiction — an investigative lead by resolved identity, not a legal determination. The contributing parties and the hop-by-hop path unlock with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/55077692

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **BAY DEVELOPMENTS LTD**. Human view: https://whiteintel.dev/entity/776d2aba-0cab-5e29-9dfa-e1b36269e13c · Structured JSON: https://whiteintel.dev/api/public/dossier/776d2aba-0cab-5e29-9dfa-e1b36269e13c._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._