Unlike the Central Bank Governor Edward Scicluna, Chris Fearne did the honourable thing and resigned immediately upon the publication of the Magisterial Inquiry, and he resigned on his own accord without any pressure by the Prime Minister and his colleagues. It is only today that I have also learnt that Chris Fearne was actually the Minister who requested an investigation by the Auditor General into the Vitals fraud. He was also deeply hated by Konrad Mizzi who actually negotiated and signed the concessions.
Chris Fearne did the right and honourable decision, and I am pretty sure, that he never imagined the extent of the fraud that these concessions were going to lead to. He was never involved in the discussions of the financing of the project and focused exclusively on the management of the health sector. He’s also financially illiterate and I don’t expect otherwise from a surgeon who puts all his money into bonds instead of an S&P500 index (most surgeons and doctors start businesses on the side after getting rich, but fail miserably unless they buy real-estate). He even bought many of his government bonds at a time when interest rates were at record lows just to give you an idea of his gross financial illiteracy.
Chris Fearne trusted in the advice and guidance of his previous friend and colleague Edward Scicluna and it is Scicluna as previous Finance Minister who should take responsability for defending the fraudulent contracts and giving his approval, and not the financially illiterate Health Minister. A Minister who is financially illiterate will inevitably trust in the good will of his Finance Minister. Only, today we know that Edward Scicluna defrauded and lied to his colleagues.
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