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FCB, Saith’s $30m loan write-off

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………and the “interest of a few” Taxpayer-owned First Citizens Bank wrote off a loan of more than $30 million just over two decades ago to Dr. Lenny Saith, Chairman of the then-ruling PNM who served as Acting Prime Minister. FCB took the stunning decision on the unusual recommendation of col­lection agency Taurus Services, after Saith’s…

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