From 10 am this morning members of the First Citizens Bank (FCB) Board will be placed in the hot seat, as shareholders of the state bank hold their Annual General Meeting (AGM) at the National Academy of the Performing Arts.
This AGM is the company’s first since it public listing on the Trinidad and Tobago Stock Exchange.
Resident shareholders will have the opportunity to question the board, with the purchase and sale of over 600,000 FBC shares by the company’s former Group Chief Risk Officer, Philip Rahaman being on the top of their agenda.
Mr. Rahaman’s controversial purchase, sale and profit from the shares have been called a possible case of insider trading by many quarters in the financial sector.
He was fired reportedly after an internal investigation.