Repubblika asks NAO to investigate reemployment of MFSA official

Tista' taqra bil- Malti.

Non-governmental organisation Repubblika has formally asked the National Audit Office (NAO) to investigate the re-employment of a Malta Financial Services Authority (MFSA) top official who opted for an early retirement package, only to be reemployed with an offshoot entity within weeks.

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The Sunday Times of Malta reported that George Spiteri who served as Director of Human Resources at MFSA was paid more than €150,000 as an early retirement package and a few weeks later he was re-employed with the Registry of Companies Agency. The agency was part of the Authority until a few weeks back.

In its letter to the NAO Repubblika said that in the report it was alleged that the money Spiteri received consisted of public funds, that other MFSA employees who were working in the Registry of Companies Agency were simply transferred onto the books of the new agency with the same responsibilities, while the responsibilities of Spiteri were downsized drastically and thirdly that since the change at the Authority’s top echelons happened last year, more than €1 million were disbursed by the Authority among ten employees.

Repubblika’s letter may be found here.