In a statement Friday night, GTCO debunked all allegations made by defamatory media reports while advising customers, shareholders and stakeholders to ignore fake news.
The statement also said that the company’s management is not subject to any financial or regulatory oversight of the type alleged.
The company is also seeking legal remedies to continue its reliable banking and financial services and operations, the statement said.
“Given the constant flow of false reports about GTCO’s business activities, performance, and management, we welcome attempts by certain parties to set the record straight and create a false narrative about the GTCO brand and its management. It became necessary to wipe it out.
“The false news stories sponsored through the media center around unsubstantiated allegations against the group’s business activities and management.
“As a responsible corporate citizen and a leading institution, GTCO Plc has taken swift and decisive legal action against the various sources of these false reports and will continue to do so to protect its reputation. We will make the most of the rule of law available to us.”
“We request all our customers, shareholders and stakeholders to kindly ignore all allegations being spread through various media platforms and handles.
“Members of our executive management team continue to perform to the best of their appointed abilities and are not subject to the financial or regulatory oversight that has been alleged,” it said in a statement.
A video that recently went viral has thrown a lot of flak at the bank’s management and called on the relevant authorities to investigate the organization.
