Latest video
Business
Trouble Looms! Ham Enterprises Further Defeats Diamond Trust Bank In The 120Bn Fraud Case At High Court
With full knowledge that the bank had carried out illegalities, it decided to call for an independent joint audit in trial to preempt the acts of illegality so as to save their illegality based and questioned defense. We can authoritatively report that Diamond Trust Bank Uganda and Kenya that have been trying to fight a…
Trouble Looms! Tycoon Sudhir Sues Embattled BoU Legal Counsel Margaret Kasule Over Contempt Of Court
In the wake of events surrounding the Supreme Court decision to nullify the liquidation of Crane Bank Limited, Businessman Sudhir Ruparelia has through his legal team led by Kampala Associated Advocates sued the head of Bank of Uganda’s (BOU) Legal department Margaret Kaggwa Kasule for contempt of Court. According to Sudhir, Kasule has on many…
Troubles For ‘Struggling’ Socialite Kavuma Escalate As Police Launch Hunt After Shamelessly Taking Off Without Clearing $48,000 Speke Apartments’ Bill
Uganda Police Force with sister security agencies are on a hunt for buoyant socialite Kavuma Honest aka Harsh Pappy for taking off without clearing a multimillion bill accumulated through accommodation, food and lavish spending at swanky Speke Apartments Wampewo. The Capital Times have learnt that Kavuma a promoter of Germany based team Bayern Sports club…
Two Arrested On Suspicion Of Connection With Over Shs 20Bn Cyber Attack On UgandanTwo Leading Telecom Companies and Banks
The Uganda Police have arrested two suspects in connection with the cyber attack on the country’s two leading telecom companies and banks over the weekend. The two suspects are attached to Pegasus Technologies, a company that provides financial and billing solutions for various companies in Uganda. The suspects were arrested on Wednesday by the Criminal…
Two Departed Asian Property Custodian Board Bosses Arrested Over Fraud
The State House Anti Corruption Unit (SH-ACU) in liaison with Police have arrested two top members of the Departed Asian Property Custodian Board (DAPCB) over fraud-related charges. George William Bizibu, the executive secretary of the board together with his accountant were on Wednesday evening arrested for allegedly obtaining money from various persons purporting to allocate…
Two Months Later, What Next For Sudhir & Staggering BoU
The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of the decision on the national Treasury and on Ugandans generally, while…