Tancred Tabone has stepped down as President of the Malta Chamber of Commerce, Enterprise and Industry citing personal reasons in a letter sent to the Council earlier this week.

In the same letter, Mr Tabone thanked the Council and the employees at the Chamber for all the work carried out over the past two years.

During a Council meeting held today, the Council took note of Mr Tabone’s letter and in turn expressed its gratitude for the dedication and tireless work that had been carried out by the outgoing President.

In line with the provisions of the statute of the Malta Chamber, the post of President will now be taken over by the Deputy President, Stefano Mallia while the posts of Deputy President and vice-president will be occupied by William Wait and Andrew W. J. Mamo, respectively.

The two-year term of the current Council will end March 25, 2013, at which point the Annual General Meeting will be held and a new Council will be elected.

Former Enemalta chairman, Tancred Tabone, was recovered at Mater Dei Hospital last month after feeling ill while being interrogated at the Police Headquarters over corrupt practices regarding oil procurement for Enemalta during his chairmanship. Allegations centre around a commission allegedly paid by company Trafigura to former Enemalta consultant Frank Sammut during his term of office at the same time that Mr Tabone was chairman of the corporation.