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Crane Bank

Rape of Crane Bank - Part II

posted onAugust 18, 2017

By Andrew M. Mwenda

Bank of Uganda acted in the most rush way in its resolution of Crane Bank issues which makes it suspicious. First when it claimed Crane Bank was in distress, it should have given Sudhir Ruparelia time to find an investor to inject new capital into the bank. Many banks were actually in negotiations with Crane to buy it.

Rape Of Crane Bank – Part I

posted onAugust 18, 2017
In six months of taking over Crane Bank they have made almost three times the profit they made for the whole of last year. They also revealed that of this profit, Shs 60 billion came from their take over Crane Bank.