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*First Capital Bank Chair Steps Down Over Corruption Allegations At Previous Company* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ot First Capital Bank chair, Sydney Mtsambiwa has stepped down as chair of a Zimbabwe Stock Exchange-listed bank, following his implication in the Tongaat Hulett forensic audit conducted by PwC. Mtsambiwa, who was Tongaat Hulett interim chief executive officer and managing director of Tongaat’s Zimbabwe operations is being accused of extorting Tongaat’s sugar sales in Zimbabwe, grossly misinforming investors for several years ---------- Latest itel A06 on Pindula: 32GB storage, 4GB RAM $69 USD WhatsApp: +263715068543 Calls: 0772464000 ---------- Although Mtsambiwa is denying the allegations, he has lost his position as chair of FCB formerly Barclays Bank in Zimbabwe. The Bank revealed in a statement Thursday that Mtsambiwa had “relinquished his position as Director and Chairman of the Bank, to enable him to address the issues arising from the PWC report on Tongaat Hullett”. More: Fin24 _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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