23 May 2013 | 05:47
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Former Chief Executive Officer (CEO) of the Bank of Valletta (BOV) Tonio Depasquale and entrepreneur Nazzareno Vassallo have come back from a holiday they took together in Sicily on Vassallo’s yacht ‘Perla’.
BOV Tonio Depasquale has been appointed to the board of Vassallo Group of Companies owned by Nazzareno Vassallo after he retired from the bank. Both Depasquale and Vassallo are very close to the PN.
Tonio Depasquale has been mentioned for the post of BOV chairman which is still vacant. He has already served as CEO of BOV that has been sanctioned by the Malta Financial Services Authority (MFSA) at least six times and fined a total amount of €726,140 since May 2011 for letting down pensioners and small inexperienced investors by luring them into investing in schemes designed for professional investors.
Depasquale sat on all the boards of these investment schemes. If Depasquale were to be nominated for the post of chairman, his appointment would have to be approved by the MFSA.
Comments
Franc
- Sun 08-Jul-2012, 07:15Issa naraw jekk MFSA tacetax u itikhom il go a head wara li ghamiltu froga li qatt ma tista tintnesa Sur Depasquale?
HIPOKRITI FID-DEHER
- Sun 08-Jul-2012, 06:53Dan mela issa wkoll nafu li
kien wiehed mit-tentakoli tal
PN. Apparentament meta jispiccaw bil 61 certi rjus qed jispiccaw ikomplu
jinghalfu minn Zaren Vassallo.
Kien ukoll jerfa l-vara tal Madonna tal Grazzja fil festa tal Mosta. Hallil iehor bil
maskra kristjana u libsa nisranija.
Il-Gvern flokk jibni djar ghal anzjani, jibnihom Zaren Vassallo, lil anzjani johdilhom il penzjoni u jghatihOM li Zaren Vassallo. Ara l-policies vili u disonesti tal PN u GonziPN
Sa dan it-tant jirrecicla l-miljuni minghand il GVern ghal ghand il-PN permezz tal COMMISSIONS FAVOLUZI.
Bla misthija ta xejn issa kollha qed jidhru ma Gonzi fil
filmati u rritratti.
Imbghad il-kuntratti kollha johodom minn fuq il yekkow pages.