Former Enemalta chairman 'should apologise to the people' - former procurement committee chairman

Former Enemalta Chairman Alex Tranter and the Risk Management Committee he chaired should apologise to the Maltese people for the way they had handled oil procurement, dealing in up to $1.5 billion per year in oil supplies, oil price hedging and currency exposure without any quotations whatsoever, the former head of the Fuel Procurement Advisory Committee, Joe Falzon told Parliament’s Public Accounts Committee this evening. The PAC is considering the Auditor General’s report on Enemalta fuel procurement. Prof Falzon said it was no wonder that the Accountant General, in his audit of the corporation’s fuel procurement policies between 2008 and 2011, had been moved to write that there had been no governance, accountability or transparency. The PAC should quiz Mr Tranter closely on these practices, Prof. Falzon said rather heatedly. When pressed by Beppe Fenech Adami (PN) if he was implying that commissions were going around underhand, he said he was not implicating anyone and did not want to go into that aspect. “To me, this whole affair is an Alfred Hitchcock film,” he said. The oil procurement saga had started in 2005, not 2008, and the Auditor General should be asked to audit...