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The Maltese Herald

Sacked, but still getting paid

—

by

Mark Camilleri
in

Central Bank Governor Edward Scicluna has been effectively sacked from his post by the Prime Minister but has retained his salary. Deputy Central Bank Governor Alexander Demarco will serve as caretaker Central Bank Governor during the interim period until a new Governor is appointed.

Edward Scicluna insisted with Prime Minister Robert Abela and his cabinet that he doesn’t want to resign, despite the fact that he is being indicted in court. He also insists that the law does not effectively give the Prime Minister or the cabinet to fire him. In reality there is some truth to this because Edward Scicluna is still undergoing court proceedings and the Central Bank law doesn’t give the power to the government to expel the Central Bank governor. There are some special circumstances listed as to when the Central Bank Governor can be expelled, but if I understood the law correctly, this is up to discretion of the board and not the government. Here is what the law states:

Ultimately, this means that it is an issue up to the board of the Central Bank to decide. In addition, Edward Scicluna can contest his dismissal by saying that he has not yet been found guilty. Evidently, by what has been decided yesterday, the Prime Minister is aware of his legal weakness to force Scicluna to resign, and this is why he is taking on the embarrassment of agreeing with him to step aside from his role while retaining his salary. Robert Abela can’t force Scicluna to resign, at least, not without a fight.

At the end of the day, Edward Scicluna’s stubbornness to resign as he is dragged to Court over one of Malta’s biggest fraudulent deals in its history, is telling in the sense that the man doesn’t have the national interest at heart, and never had it.

You can also read the European Central Bank’s replies to this issue here.

Here below you can see him in 2019 excusing blatant fraud in parliament.

 

 

Comments

4 responses to “Sacked, but still getting paid”

  1. Sparky avatar
    Sparky

    It shows how spineless our government is. What is the board of governors? If they can’t decide then the state needs to put pressure. This is Malta’s reputation being dragged. Two weights, two measures. Labour is spineless. Despicable. To the PN – get a grip. People are begging for direction.

    Reply
    1. Fred the Red avatar
      Fred the Red

      The PN needs to get a grip indeed! Why hasn?t the PN raised hell at the flagrant abuse of Cittadella for the wedding of Joyce Dimech?s daughter? It had to be Cassola to bring the matter before the Standards Commissioner. Why isn?t the PN pressing to know where Refalo?s milestone is being kept if indeed it has been returned? And why is the PN insisting non stop that Refalo face criminal action? And why has the PN colluded with government over the Chambray obscenity? The PN lacks bottle whichever way you look and is irrelevant on governance and rule of law issues. They seem to think they will get into government by default. Bernard Grech?s whimpering is almost pathetic to witness.

      Reply
  2. The Court’s indictment does not share Edward Scicluna’s optimism – Mark Camilleri avatar
    The Court’s indictment does not share Edward Scicluna’s optimism – Mark Camilleri

    […] Edward Scicluna has ambarressed himself and the whole nation with his obstinancy to stay on as Central Bank Governor. He has shown his true opportunistic, infantile, and selfish characteristics. On top of this, he has an excessive confidence he will be absolved by the Court despite the Court indictment not being so equally optimistic about his fate. […]

    Reply
  3. Banquo avatar
    Banquo

    It is interesting to note how Edward Scicluna tries to skirt any responsibility for, or pass judgement on, any of the fraud. He knows he is on very, very thin ice, and pretends to find all payments to be totally legal while also being completely detached from them.

    Even at the height of his powers, he knew total endorsement may one day come back to haunt him, because he knew all along it was fraud, as the courts have repeatedly declared it to be.

    Reply
  4. Protestors gather outside Parliament to oppose corruption and misuse of public funds - The Maltese Herald avatar
    Protestors gather outside Parliament to oppose corruption and misuse of public funds – The Maltese Herald

    […] Leader also highlighted other examples, such as the Central Bank Governor, Edward Scicluna, facing criminal charges but still receiving a salary while not working. “This is yet another form of theft,” he declared, accusing the government of […]

    Reply

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