Former Finance Minister Colm Imbert has expressed deep concern over the significant 26% drop in the share price of First Citizens Group Financial Holdings (FCGFH) since April 28. In a post on X on November 11, Imbert described the situation as ‘sinister,’ suggesting potential market manipulation. He emphasized that despite FCB’s consistent earnings growth, the share price plummeted from $42 to $31 within six months, a decline he deems inexplicable without external interference. Speaking at the PNM’s weekly media conference on November 13, Imbert highlighted the impact on small investors, particularly pensioners, who have seen substantial losses in their investments. He urged authorities to investigate the matter, pointing out unusual trading patterns involving small volumes of shares that have caused significant price drops. According to the TT Stock Exchange, FCGFH shares closed at $33.75 on November 13, down from $41.90 on April 28. Finance Minister Davendranath Tancoo dismissed Imbert’s concerns, stating there was ‘nothing worthy of comment.’ Meanwhile, FCGFH Chairman Shankar Bidaisee and Acting CEO Jason Julien have yet to provide detailed responses, with Julien assuring stakeholders of the Group’s commitment to creating sustainable value.