Bank of Valletta’s Chairman Raked In €1.4 Million From Government Consulting!
The EU member Malta is different in many ways regarding business ethics and regulation. However, even by the low Maltese standards, it is unheard of that a Chairman of a leading national bank carry out private consultancy work. It is even more questionable when this takes place with the regulator's blessing. The Chairman of Bank of Valletta (BOV), Gordon Cordina, received €1.4 million through his companies, E-Cubed Consultants Ltd and E-Cubed iSlands Ltd, for so-called consultancy work since 2013. Maltese media The Shift revealed this.