Embarrassed by his own actions, the Group Chief Executive Officer of Zimbabwe Bank (ZB) Financial Holdings Group, Ronald Mutandagay, took a leave of absence after a video of him assaulting his wife went viral on social media.
In the viral video which was reportedly recorded by his 16-year-old daughter, angry Mutandagayi, knocked down his wife with a heavy blow like boxer-puncher.
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The financial institution said Friday it was now considering “appropriate action” against the CEO while he takes a hiatus, possibly forced.
“The board of directors of ZB Financial Holdings Limited has taken note of the social media communication relating to the Group Chief Executive Officer Mr. R. Mutandagayi which was published on the evening of 7 March 2021,” the banks said in a statement addressed to its customers.
“The matter in question is before the courts. In the meantime, Mr. R. Mutandagayi has taken leave of absence from his duties while the board of directors of the group considers appropriate action on the matter.”
The business executive confirmed the incident in an earlier statement but said he acted in self-defense after enduring “three days of assault” from his wife.
“The unfortunate circumstances surrounding the incident happened on 2 January 2021 after three consecutive days of severe assault and harassment on my person. It is surprising that only two months later is when such a video is issued,” said Mutandagayi.
He added: “The bona fides of such action is questionable. Further, it is regrettable that the video only shows a certain portion of the incident obviously meant to sell a certain narrative. Since the matter is currently pending before the courts, I shall let the law take its course.”