Banking

Property mogul Sudhir Ruparelia did little to save his bank- Crane Bank Ltd despite having a number of properties to his name, Matia Kasaija, the Minister of Finance, Planning and Economic Development has claimed. Appearing before the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) today where he had

Crane Bank Statutory Manager, Edward Katimbo Mugwanya personally oversaw the handover of assets and liabilities of Crane Bank to dfcu bank, the Committee of Commissions, Statutory Authorities and State Enterprises ( (COSASE) that is investigating into the controversial closure of seven banks by the Central Bank has learnt. The Central

Property mogul Sudhir Ruparelia Thursday afternoon attended in person the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) sitting as a backbencher as the committee grilled dfcu bank officials over Crane Bank takeover. Clad in his signature white shirt, Sudhir who was accompanied by his son, Rajiv and lawyers

The Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) that is investigating the controversial closure and sale of seven defunct banks has summoned Uganda’s Auditor General,  John Muwanga (in featured photo) to explain the circumstances under which he came to acquire shares in the defunct Cooperative Bank  without the

The agreement for the sale of Crane bank to DFCU was shoddy and fraudulent, Former Crane Bank owner, Sudhir Ruparelia has said. According to Sudhir, the Purchase of Assets and Liabilities (P&A) agreement signed between BoU and DFCU did not have details of all assets and liabilities that were being