ANDREW MWENDA: Sale Of Crane Bank To DFCU Will Go Down In History As The Most Fraudulent Transaction By BoU
On February 11, businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The central bank closed Crane Bank in October 2016 claiming it was undercapitalised. The latest ruling is a culmination of a running battle between the central bank and Sudhir for four…