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GTCO (Guaranty Trust Holding Company) released a statement on Friday night in response to a series of smear media reports alleging financial and regulatory issues within the company. The organization urged its customers, shareholders, and stakeholders to disregard the misinformation.
Key Points from the Statement
- Denial of Allegations: GTCO categorically denied all claims regarding its executive management team being under financial or regulatory scrutiny. The statement emphasized that these allegations are baseless and part of a coordinated effort to tarnish the company’s reputation.
- Legal Action: The company announced that it is pursuing legal redress against the sources of the false reports. GTCO described these reports as “sponsored” attempts to create a misleading narrative about its business activities and management.
- Commitment to Integrity: GTCO reaffirmed its status as a responsible corporate citizen, emphasizing its dedication to maintaining credibility in its banking and financial services. The statement declared that the management team will continue to operate fully in their appointed capacities.
- Call to Stakeholders: GTCO encouraged all stakeholders to disregard the ongoing allegations and false reports circulating on various media platforms, reaffirming its commitment to transparency and integrity.
Background Context
The statement follows the circulation of a viral video that contained numerous accusations against GTCO. In light of the situation, the company has taken swift actions to clarify its position and protect its brand from what it terms as malicious misinformation.
As the situation develops, GTCO remains focused on its operations and committed to upholding its reputation in the financial sector.