Bell Pottinger's second-largest investor has walked away from the PR giant as the backlash over a secret campaign in South Africa aimed at stirring up racial tensions continues to grow.
Chime, co-owned by US investment firm Providence Equity Partners and Sir Martin Sorrell's WPP group, has given up trying to sell its 27 per cent holding after it was revealed the company had orchestrated a campaign to whip up anger about "white monopoly capital" and "economic apartheid" for South Africa's wealthy and controversial Gupta family.
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