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The Maltese Herald

Malita director nominated again for Bank of Valletta directorship despite conflict of interest

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by

Mark Camilleri
in ,

Later today, Bank of Valletta is set to hold its Annual General Meeting.

Robert Suban, a director at Malita Investments and the chairperson of the bank’s risk committee, is set to be reappointed to the bank’s board.

He is being nominated despite the entrenched conflict of interest he has due to the fact that Malita Investments is a client of BOV, which was also involved in a corruption scandal with former Social Housing Minister Roderick Galdes.

BOV is performing exceptionally-well but it remains heavily controlled by the party-in-government convoluting its work with conflict of interests and politically-charged decisions. The bank also hosts a series of high-risk political clients who have been investigated for corruption.

The salary of the Executive Chairman Gordon Cordina has doubled up to €450,000 since taking office.

 

Comments

2 responses to “Malita director nominated again for Bank of Valletta directorship despite conflict of interest”

  1. BOV appoints its board and issues dividend at its Annual General Meeting - The Maltese Herald avatar
    BOV appoints its board and issues dividend at its Annual General Meeting – The Maltese Herald

    […] Annual General Meeting was uneventful and BOV re-appointed Robert Suban to its board despite his conflict of […]

    Reply
  2. A government run with a Mafia-like network - The Maltese Herald avatar
    A government run with a Mafia-like network – The Maltese Herald

    […] Malita Investments has been going through severe financial challenges and its financial model of mixing up government social housing projects in a for-profit publicly-listed vehicle in a basket of government properties, does not make much financial sense, but the government is also kicking in BOV to help fund the company. […]

    Reply

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