Adrian Delia: How Will BOV Get Back €36 Million It Lent To Steward?
MP and former PN leader Adrian Delia took to social media to ask some serious questions about Bank of Valletta – which lent almost €36 million to Steward Health Care, the company behind the controversial hospitals agreement signed in 2019.
It appears that Delia may be privy to information which has not yet been released to the public by BOV.
“The media named Miguel Borg, Chief Risk Officer and Director of the BOV as Labor’s powerhouse in the bank and thus approved the giving of so many millions to those who were part of a fraud. Is it true that today Miguel Borg resigned?” he asked.
After a court ruled against the concession agreement which would have allowed Steward to take over hospitals – describing the company as displaying fraudulent and potentially criminal behaviours – Steward appealed the verdict and claimed that it had been defrauded by the Maltese government.
The government intends to avoid paying a €100 million that Steward is claiming due – for having its deal to manage hospitals cancelled prematurely.
According to Justice Minister Jonathan Attard earlier this month, Steward has so far kept up with repayments on the €36 million loan. It would appear, if Delia’s information is accurate and Borg has resigned, that BOV may be in the midst of upheaval as a result of this loan.
“Is it true that today Borg resigned? Will the BOV, which is a listed bank on the Malta Stock Exchange, confirm this resignation? How will the Bank Of Valletta get back the money it lent to those who defrauded the Maltese people?”
In his own post to social media, MP Jerome Caruana Cilia asked the same questions, and added one more.
“Is it true that there were other discussions to create a new role of Deputy Chief Executive for him?” asked Cilia.
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