Music news
BoU To Appeal In Supreme Court Over Trashed Crane Bank Case
The Bank of Uganda (BOU) has said it will be petitioning the Supreme Court against the dismissal of the UGX.397BN Crane Bank case, by the Court of Appeal claiming the judgement of this case has a crucial precedent that affects its powers. The Court of Appeal last week dismissed an appeal filed by Bank of…
BoU Saga: DPP Orders Police To Arrest Kasekende, Sekabira, Bagyenda & Search Their Homes For Defrauding Defunct Banks Properties
The days of running for former Bank of Uganda Deputy Governor Louis Kasekende, former Director Compliance Justine Bagyenda, Ben Sekabira, the Director for Financial Markets Development Coordinator and other Central Bank officials who were involved in the fraudulent sale of Teefe Trust Bank, Greenland Bank, Crane Bank and other defunct commercial banks are over. This…
BoU officials charged, Remanded to Luzira
Suspects at Anti Corruption court Freda Wanyama and Francis Kakeeto, arrested in connection with the latest scandal at Bank of Uganda, have been produced at the Anti-Corruption Court in Kololo. They supervised the loading of cargo on the chartered flight that reportedly carried extra pallets of currency. The Director of Public Prosecutions [DPP] has…
BoU Must Return Sudhir’s Crane Bank, Pay Dispute Costs – Supreme Court Rules
The Supreme Court in Kampala has ordered Bank of Uganda (BoU) to pay dispute costs after losing yet again in the aftermath of the closure and liquidation of Crane Bank Ltd, owned by businessman Sudhir Ruparelia. In a ruling delivered on Friday, July 1, a panel of three judges led by Justice Prof. Lillian Tibatemwa-Ekirikubinza…