Man who faced corruption charges now BOV director

He had resigned from deputy governor of the Central Bank

Tista' taqra bil- Malti.

Former Central Bank deputy governor Alfred Mifsud, who had faced corruption claims in the past, has been appointed non-executive director of Bank of Valletta (BOV).

Mifsud had resigned from his role at the Central Bank a year after facing corruption claims, which had been first brought to light by murdered journalist Daphne Caruana Galizia. His ex-partner alleged that he received bribes when he was chairman of Mid-Med Bank, two decades ago.

He was given the appointment at the Central Bank soon after selling his private business, Crystal Finance, in 2015. Last year, Crystal Finance was ordered to compensate investors who lost their money at a time when Mifsud still owned the firm.

A source from the financial industry who wished to remain anonymous told that concerns about the Mifsud’s history were raised when he worked with Mid-Med Bank and Crystal Finance. He also said it is important that Mifsud does not allow the government to affect his integrity.