Friday , December 13 2019
Home / Tag Archives: Crane Bank

Tag Archives: Crane Bank

Behind Sudhir win

SUDHIR CASE: Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE & ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for …

Read More »

Behind Sudhir win

Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for lost business …

Read More »

BOU to appeal against Sudhir ruling

Kampala, Uganda | THE INDEPENDENT | Crane Bank (in Receivership) is dissatisfied with Monday’s High Court’s ruling in their UGX397 billion case against Sudhir Ruparelia and will appeal, Bank of Uganda has confirmed. The High Court Commercial Division on Monday dismissed the  Crane Bank (in Receivership) suit against Sudhir and …

Read More »

Court asked to dismiss Sudhir case against lawyers

Kampala, Uganda | THE INDEPENDENT | Ssebalu and Lule Advocates, a city law firm has asked the High Court to dismiss the application filled by Businessman Sudhir Ruparelia accusing the firm of conflict of interest. In 2017, Sudhir’s Company Crane Management Services sued DfCU Bank over rent arrears amounting to …

Read More »

Katuntu defends COSASE report on closed banks

Kampala, Uganda | THE INDEPENDENT | The former Chairperson of the Committee on Commissions, Statutory Authorities and State Enterprises-COSASE, Abdu Katuntu has defended the Central Bank Probe report. The report was compiled by COSASE following investigations into the closure and subsequent sale of Teefe Trust Bank, International Credit Bank Ltd, Greenland …

Read More »

COSASE report: Crane bank closure was illegal

Kampala, Uganda | THE INDEPENDENT | The closure of Crane Bank by Bank of Uganda was illegal. This is according to a report by the committee on Commissions, Statutory Authorities and State Enterprises -COSASE. The report indicated that an analysis of the Bank’s liquidity from 1st January to 24th January …

Read More »

Dfcu unveils new loan facility campaign

Kampala, Uganda | Julius Businge | Dfcu bank customers will, for a limited time access personal unsecured loans of up to Shs150 million at a competitive interest rate of 17.5% per annum, it said in a notice dated Feb.19. According to dfcu bank’s Head for Personal Banking, Miranda Bageine Musoke, …

Read More »

Former Crane Bank board chair accuses BOU of frustrating investors

  Kampala, Uganda | THE INDEPENDENT | The former Crane Bank Chairman of Board of Directors, Joseph Biribonwa, has accused the Central Bank for frustrating investors. Biribonwa on Wednesday appeared with the former Crane Bank owner Sudhir Ruparelia before Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that …

Read More »