Published: 27 August 2013

ZB Building Society managing director Sifiso Mahlangu has been suspended on suspicion of loan manipulation involving loans amounting to $40 000.

Mahlangu was tipped to succeed Ron Mutandagayi as the group's managing director.

Mutandagayi, who has since been promoted to group chief executive officer, was ZB Bank managing director before he took over from Elisha Mushayakarara.

Mutandagayi yesterday declined to comment, but referred all questions to the company's executive head business development manager Shadowsight Chiganze.
- newsday

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