MediaToday
News | Wednesday, 24 June 2009

Privatisation ‘confidentiality’ may lead to abuses

Charlot Zahra

Government officials have remained mum on the identity of the consultants it appoints, despite requests to confirm whether a consultant to a preferred bidder for the privatisation of Enemalta’s petroleum division is indeed the same consultant appointed by the Privatisation Unit (PU) to assist in the same tender process: a double role which would be tantamount to a conflict of interest.
Last week, the Finance Ministry quoted confidentiality as it declined to answer questions sent by sister paper MaltaToday in the regard.
On his part, PU chief Emmanuel Ellul yesterday toed the Ministry’s line in refusing to answer the same set of questions, this time describing our request as ‘impertinent’.
Until the time of going to print, Ministry officials had avoided the questions of whether ‘confidentiality’ would also be cited if the request came not from a newspaper, but from bona fide bidders in order to ensure that their own consultants are not tasked by the privatisation unit for the same tender process.
Such confidentiality may lead to abuses in tender processes, considering the eventuality of consultants leaving their clients in the dark over any potential conflict of interest.
The Ministry also declined to reveal the fees it agreed with its consultants.

czahra@mediatoday.com.mt

 

PRINT THIS ARTICLE


Other News

Rent reform approved

Privatisation ‘confidentiality’ may lead to abuses

Generator sales skyrocket

IHI launches €30m bond issue, undertakes new projects

British Airways to suspend Malta to London Gatwick route

20 companies await government reply for assistance to beat recession perils

Budgetary deficit under IMF delegation spotlight

Waiting to explode

In deep recession

Experimenting with our future

EC calls for accountable governance of the internet

Vodafone sets up Mclaren Mercedes Pit Stop Challenge at the Trade Fair

Farsons appoints CEO Designate

An affordable solution for tourism operators

HSBC employees complete Diploma in Financial Services Operations and Compliance

Melita introduces 50 Mbits internet speeds

BOV Tunisia Hosts Business Delegation

The curious case of Benjamin B

 

 

 

 


24 June 2009
ISSUE NO. 587

Malta Today

illum

Collaborating partners:


www.german-maltese.com


 

 

Copyright © MediaToday Co. Ltd, Vjal ir-Rihan, San Gwann SGN 07, Malta, Europe Tel. ++356 21382741, Fax: ++356 21385075
Managing Editor: Saviour Balzan