back to top
кракен ссылка кракен ссылка кракен даркнет кракен даркнет
HomeNewsEx-Employees Of Former-Crane Bank Take On Troubled Dfcu With Court Battles Looming

Ex-Employees Of Former-Crane Bank Take On Troubled Dfcu With Court Battles Looming

Published on

- Advertisement -spot_img

With the aggrieved filing of a civil suit, the looming legal battle between former employees of Crane Bank Limited (CBL) and DFCU bank has taken shape.

The aggrieved belief that they were hoodwinked by the new employer (DFCU) when DFCU took over CBL activities in January 2017, terminated some of their contracts, whilst others were purposely frustrated into resigning.

On Thursday, 10 members of the 625 workers filed a complaint in Kampala in the civil division of the High Court. Via the Center for Legal Assistance (CLA), they sued.

Catherine Achan, Teddy Akullo, Janet Ngwena, Mactose Arinaitwe, Edward Bukenya, and Loy Kiwumulo are their members.

Prior to this, the Bank of Uganda (BOU) took over CBL ‘s activities in October 2016, under the basis that the institution was undercapitalised and posing a structural danger to the financial sector.

Subsequently, BOU told the public in January 2017 that the properties and liabilities of CBL have been passed to DFCU.

DFCU hoodwinked them into thinking that a consolidation and transition exercise was underway, but it was a scheme to throw them out, the ex-CBL employees say.

The plaintiffs submit that, for fiscal, technical and systemic purposes, the defendant and its servants or agents used deceptive means to secure or compel the collective dismissal of former CBL employees, “the lawsuit reads in part.”

The Auditor General Report questions where sh5.1b terminal incentives are housed.

A shocking discovery was made in the Bank of Uganda ‘s Special Audit Report on Defunct Banks, published by the Auditor General in August 2018.

Related

NRM MANIFESTO: Museveni Lays Down NRM’s Scientific Blueprint for Uganda’s Leap into Modernity

In the heart of Africa, where the sun rises over a nation brimming with...

Speaker Anita Among, Deputy Speaker Tayebwa Declared Unopposed As NUP Candidate Asio Goes Missing

Tension and fear gripped Bukedea District on Wednesday after Florence Asio, the National Unity...

Judiciary Upholds Justice Baguma To Continue Hearing Dr Besigye,Lutale Treason Case

The judiciary has upheld Justice Emmanuel Baguma as the trial judge in the high-profile...

Top 11 UWA Officials Sent To Luzira Over Shs 9.3 bn Gorilla Permit Scam

The Anti-Corruption court has remanded 11 officials of the Uganda Wildlife Authority (UWA) over...

More from The Capital Times

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Here is why the Faras Uganda is the Ultimate Convenience Mobility App for Every Ugandan

Kampala, Uganda – In a fast-paced world where time is increasingly precious, Ugandans are...

Museveni Inaugurates De Heus State Of The Art Fish Feed Factory In Njeru, Buikwe

Njeru, Jinja: De Heus Animal Nutrition, a global leader in animal feed solutions, has...