Crane Bank Archives - Page 3 of 4

Leaked Strategy Reveals Why Bank of Uganda Is Rushing To Liquidate Crane Bank

Bank of Uganda has today placed a notice in newspapers indicating its intentions to liquidate and wind up affairs of Crane Bank Limited. A Strategy Plan developed by Ms Margaret Kasule,the Director Legal, and submitted to the Governor Tumusiime Mutebile reveals plans

November 16, 2020

Business·News

‘Unlawful Attempt’- Financial Lawyers Warn BoU On Liquidating Defunct Crane Bank Ltd

The Central Bank through it’s Governor Prof. Emmanuel Tumusiime Mutebile on Friday November 13, 2020 issued an order to liquidate former Crane Bank Limited in receivership which was fraudulently sold to DFCU bank by officials in bank of Uganda in 2016. “In

November 14, 2020

News

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

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

October 7, 2020

Business·News

Activists Petition President Museveni To Stop BoU Officials From Wasting Taxpayers Money On Lost Crane Bank Case

Several activists in Uganda under their umbrella body Uganda Poor Youth Movement, have petitioned President Yoweri Museveni to reign on Bank of Uganda (BoU) officials who are causing the country hundreds of millions in losses as they waste money in a case

July 23, 2020

Business·News

Andrew Mwenda: Impunity And Corruption At Bank Of Uganda

By Andrew M. Mwenda Last week, Bank of Uganda (BOU) issued a press statement in which it promised to appeal a ruling by the Court of Appeal in a case against businessman Sudhir Ruparelia over Crane Bank. Yet the statement did not

July 15, 2020

Business·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.

July 1, 2020

Crime·News

Big Story: Whistleblower Petitions President Museveni, High Court To Reprimand Top Bank Of Uganda Ex-Officials Over Corruption & Sell of Crane Bank

A whistleblower has petitioned President Yoweri Kaguta Museveni and the Anti-Corruption Division (ACD) of the High Court, to indict and hold culpable three former executives of the Bank of Uganda, over allegations of involving themselves in corruption and the dubious sale of

June 27, 2020

Business·News

Breaking: Seven BoU Directors Fired

The Bank Of Uganda has fired over Seven directors in an ongoing investigation which established that some of them were involved in fraud, mismanagement of office, and embezzlement of funds with the Ex -Deputy Governor Dr. Louis Kasekende and Ex Executive Director

April 26, 2020

Business·News

Last Nail! Museveni Appoints Dr. Michael Atingi-Ego New BoU Deputy Governor As Dr. Kasekende Go Cursing

The President of Uganda Yoweri Kaguta Museveni has appointed Dr. Michael Atingi-Ego as the new Deputy Governor, Bank of Uganda (BoU). Mr Museveni, announced the appointment in a Sunday March 29, 2020 tweet, a day after the Central Bank board of directors

March 29, 2020

Business·Crime·News

Singer Mathias Walukagga Releases New Song Cursing Avarice BoU Officials, Applauds Dr. Sudhir For The Resilience

The Kadongokaku celebrated Singer turned Politician Mathias Mulumba Walukaga has dropped a new hit bang titled “Akanyomonyomo”. In his latest song, bitter Walukaga has warned against impunity and complacency where he stung bosses at the Central Bank Of Uganda, it’s advisors and

February 23, 2020

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