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FORMER finance minister Colm Imbert said shareholders in First Citizens should be frightened that the price of First Citizens Group Financial Holdings (FCGFH) shares has fallen by 26 per cent. He called on the authorities to look into the matter.

In a post on X on November 11, Imbert said, “Something sinister is happening with the price of FCGFH shares on the Stock Exchange since April 28.

"FCB's earnings have continually improved over the years and there is no way its share price can drop 26 per cent from $42 on April 28 to $31 on November 10 unless someone is manipulating the price.”