Central Bank investigating information leakage claim

The Central Bank has launched an investigation following remarks by IT Minister Austin Gatt in Parliament that a Bank official was a consultant to the Opposition.

Dr Gatt had mentioned Sandro Demarco, a Central Bank manager responsible for confidential HCIP (Harmonised Index of Consumer Prices) data which the bank forwards to the European Central Bank.

Opposition Leader Joseph Muscat yesterday denied that Mr Demarco leaked information to the Opposition.

The Central Bank said its investigation is being conducted in accordance with its internal procedures in order to establish the facts relating to the case.

The investigation is being led by the chairman of the Bank’s Audit Committee, who will appoint experts to assist him.