Why Sudhir’s Lawyers Want Crane Bank To Returned To It’s Original Share Holders
In January 2017, Crane Bank was acquired by DFCU Bank at a cost of Shs200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda. Crane Bank whose proprietor is businessman Sudhir Reparelia remained open under statutory management until most of its assets and liabilities would be transferred…