Edward Scicluna removed from MFSA Board of Governors


Staff Report , Published: July 26, 2024, 1:07 pm

Edward Scicluna removed from MFSA Board of Governors

Prime Minister Robert Abela announced on Thursday that Edward Scicluna will no longer serve on the Malta Financial Services Authority (MFSA). This decision follows a court ruling confirming that the case connecting Scicluna to the Vitals Hospitals scandal will proceed to trial.


"A decision had to be taken, and it was taken today. A notice will be issued in the Government Gazette tomorrow," Abela told interviewer Matthew Xuereb during a Labour Party event.


Scicluna, who denies any wrongdoing, has been under pressure to resign both as governor of the Central Bank and as director of the MFSA after being arraigned and accused of misappropriation in the Vitals Hospitals case.


While Abela praised Scicluna for his integrity, he reiterated comments from Wednesday suggesting that Scicluna should also step down as governor. Scicluna has remained firm, stating that the governor of the Central Bank is independent and adheres to European Union regulations.


Abela expressed hope that Scicluna would make the best decision for the country before the Cabinet meets next Tuesday.