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MP CALLS FOR RESTORED CONFIDENCE IN FCB

by | Apr 4, 2014

Colm Imbert 3There is call from an Opposition Member of Parliament for all to be done to ensure integrity and confidence at state owned First Citizens Bank.

The appeal comes from Diego Martin North East MP, Colm Imbert.

He made the suggestion during debate on the Finance Bill 2014 in the House of Representatives this afternoon.

His comments come on the heels of the firing of FCB’S Chief Risk Officer, Phillip Rahaman.

He was dismissed last week after he allegedly purchased over 600 thousand F.C.B. shares and made a $12 million profit from his investment.

FCB said he was dismissed following an extensive internal investigation.

Mr Imbert said the institution has an impressive track record and this should not be jeopardized.

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He said those in charge at the bank should not be afraid to take tough decisions if they are necessary.

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