First Capital chief executive Laina Amutenya says the company firmly rejects any suggestion of wrongdoing when it comes property developer Joseph Andreas claiming that the property manager has deducted nearly N$48 million in alleged unlawful project management fees from clients involving a 300-house project at Grootfontein.
Amutenya says First Capital continues to operate in accordance with its contractual obligations, applicable laws, and industry standards.
“We believe it is important that stakeholders, including purchasers, investors, and industry participants, are not misled by incomplete reporting on matters that are still subject to judicial determination,” she says.
