Following the latest ruling of the Malta Financial Services Authority, BOV chairman Roderick Chalmers and other officials directly involved in the matter should assume responsibility and resign, Alternattiva Demokratika said.

AD said in a statement that Finance Minister Tonio Fenech should assume political responsibility, given the government's shareholding in the bank and the fact that the BOV chairman is a government appointee.

"People were misguided by BOV. Minister Tonio Fenech should have seen the writing on the wall and should assume political responsibility for this. AD demands full release of government's correspondence on the matter," the party said.

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